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Real Options and Migration: Undocumented Workers and their Choices: The Case of Mexican Migration to the United States and Rural to Urban Migration in Developing Countries - Softcover

Sengupta, Bhaswati

 
9783838315478: Real Options and Migration: Undocumented Workers and their Choices: The Case of Mexican Migration to the United States and Rural to Urban Migration in Developing Countries
Softcover
ISBN 10: 3838315472 ISBN 13: 9783838315478
Verlag: LAP LAMBERT Academic Publishing, 2010

Inhaltsangabe

This work uses advances in Real Options Theory to develop a theoretical model of the migration decision under uncertainty. Prospective migrants face a future that evolves in new and unexpected ways, and the flexibility in responding to new conditions is an important consideration in the original decision to migrate. Real Options theory allows us to value this strategic flexibility as the future unfolds. Two specific instances of migration are analyzed within this framework: a prospective Mexican migrant considering work in the United States without legal documents and a rural worker in a developing economy moving to find work in the city. The uncertainty considered in these host environments stem from various sources such as the evolution of wages, the possibility of being apprehended and deported back to Mexico, the possibility of acquiring legal status for an undocumented worker or of finding formal sector work for an informal worker. The theoretical model for Mexico to U.S. migration is computationally solved and its implications are studied under different policy alternatives.

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Über die Autorin bzw. den Autor

Bhaswati Sengupta is an Assistant Professor of Economics at Hofstra University in Long Island, NY. Her research focuses on labor, health and immigration issues and the application of Real Options theory in analyzing a variety of household decisions. She lives in Queens, New York with her husband, Mark.

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Verlag
LAP LAMBERT Academic Publishing
Erscheinungsdatum
2010
Sprache
Englisch
ISBN 10 
3838315472
ISBN 13 
9783838315478
Einband
Taschenbuch
Anzahl der Seiten
104
Kontakt zum Hersteller
Nicht verfügbar
Verantwortliche Person
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