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H G Seifert-vogt

Publications and source records attributed to H G Seifert-vogt.

3 recordsLinked to original sources

A temporary equilibrium model for international migration.

"This paper is concerned with the existence of temporary equilibria of migration with an overlapping generation structure and analyzes some of its properties. In the first part of the paper sufficient conditions for the existence of a temporary equilibrium of migration (in a given period) are given. In the second part some interesting properties of migration equilibria are analyzed. In particular the effects of differing degrees of information of the individuals on migration equilibria are investigated. Furthermore, it is shown that incomplete information alone suffices to induce migration flows even between countries that can be regarded as 'identical' from an economic point of view."

Behavior↗

Temporary vs. permanent migration: a decision theoretical approach.

"The decision problem of the guest worker as a target saver is considered. He plans to accumulate capital in the host country for investment in the home country after return migration. As the worker is supposed to be incompletely informed about the economic variables in the host country he might prolong his stay unexpectedly provided the economic conditions in the host country are unfavourable. Explicit conditions for the economic variables are given such that temporary migration turns into permanent migration."

Behavior↗

International migration under incomplete information.

"We present a model for deriving optimal sequential migration decisions under incomplete information. As a main characteristic of the model, the decision maker can rationally learn about pecuniary and non-pecuniary net return on migration in different countries by migrating into these countries. Furthermore it is shown that the optimal migration policy can be characterized by a 'simple' procedure, called 'Gittins-index policy'. In the context of our sequential migration model we find more satisfying explanations for some relevant empirical observations (e.g. remigration) than...would be possible within the traditional deterministic approach." (SUMMARY IN FRE AND GER)

Behavior↗