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|Title:||Market inefficiencies in the equalization of regional unemployment rate differentials in less-developed countries|
|Author(s):||Gonzalez, Patricio Alejandro Aroca|
|Doctoral Committee Chair(s):||Hewings, Geoffrey J.D.|
|Department / Program:||Economics|
|Degree Granting Institution:||University of Illinois at Urbana-Champaign|
Urban and Regional Planning
|Abstract:||The efficiency of the migration process as a market mechanism to equalize regional unemployment rate differentials in less developed countries has been the main aim of this thesis. First, we develop a dynamic model which allows us to describe the worker migration decision under different employment statuses. Two special characteristics are introduced in the model: the lack of access to credit by unemployed workers and the level of assets that the workers have at the decision making time. These two factors are very important in the determination of migration, and they are especially important in LDCs, where a high proportion of the population is living at or below poverty levels.
The theoretical model and the subsequent empirical analysis allows us to explore several previous findings in the literature. In addition, using data from Chilean regions, we test some of the results derived in the theoretical model. Our main results show that Chilean people are moving according to market forces, but the number of movements is not enough to balance the regional differentials.
The second major finding was that transport costs affect negatively the migration decision, and this effect is greater the poorer are the people who are contemplating migration.
|Rights Information:||Copyright 1995 Gonzalez, Patricio Alejandro Aroca|
|Date Available in IDEALS:||2011-05-07|
|Identifier in Online Catalog:||AAI9543516|