Migration equilibria/disequilibria and the natural rate of unemployment in a regional context

Abstract

Examines the theory of regional equilibria in the presence of endogenous migration, where net migration flows are determined by real consumption wage and unemployment‐rate differentials. Provides a theoretical analysis of market clearing and steady state concepts of equilibrium and examines the impact on local demand of government expenditure. Concludes that a natural rate input‐output model applies, but that the system takes a long time to return to the equilibrium.

Citation

McGregor, P.G., Swales, J.K. and Yin, Y.P. (1995), "Migration equilibria/disequilibria and the natural rate of unemployment in a regional context", International Journal of Manpower, Vol. 16 No. 2, pp. 66-72. https://doi.org/10.1108/01437729510085774