University of Illinois Urbana-Champaign

Market inefficiencies in the equalization of regional unemployment rate differentials in less-developed countries

Gonzalez, Patricio Alejandro Aroca

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Description

Title
Market inefficiencies in the equalization of regional unemployment rate differentials in less-developed countries
Author(s)
Gonzalez, Patricio Alejandro Aroca
Issue Date
1995
Doctoral Committee Chair(s)
Hewings, Geoffrey J.D.
Department of Study
Economics
Discipline
Economics
Degree Granting Institution
University of Illinois at Urbana-Champaign
Degree Name
Ph.D.
Degree Level
Dissertation
Keyword(s)
  • Economics, General
  • Transportation
  • Urban and Regional Planning
Language
eng
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.
Type of Resource
text
Permalink
http://hdl.handle.net/2142/23149
Copyright and License Information
Copyright 1995 Gonzalez, Patricio Alejandro Aroca

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