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A Multi-Disciplinary Interpretation Of Migration: Amenity Capitalization In Both Labor And Land Markets, Philip E. Graves, Robert L. Sexton, Thomas A. Knapp
A Multi-Disciplinary Interpretation Of Migration: Amenity Capitalization In Both Labor And Land Markets, Philip E. Graves, Robert L. Sexton, Thomas A. Knapp
Robert L Sexton
Various disciplines have produced models to explain and predict migration. A model is presented providing a taxonomy through which interdisciplinary insights can be synthesized. The imperfect information view emphasizes the role of wage differentials as representing arbitragible real utility differences. The perfect information approach holds that wage and rent differentials are compensating differentials, eliminating real utility variation over space. Moreover, markets compress diverse aspects of spatial variation in welfare, otherwise difficult to quantify, into compensating wage and rent differentials. Rents tend to capitalize the variation in a host of amenities, thereby substantially reducing the need for a potential migrant to …
A Multi-Disciplinary Interpretation Of Migration: Amenity Capitalization In Both Labor And Land Markets, Philip E. Graves, Robert L. Sexton, Thomas A. Knapp
A Multi-Disciplinary Interpretation Of Migration: Amenity Capitalization In Both Labor And Land Markets, Philip E. Graves, Robert L. Sexton, Thomas A. Knapp
Robert L Sexton
Various disciplines have produced models to explain and predict migration. A model is presented providing a taxonomy through which interdisciplinary insights can be synthesized. The imperfect information view emphasizes the role of wage differentials as representing arbitragible real utility differences. The perfect information approach holds that wage and rent differentials are compensating differentials, eliminating real utility variation over space. Moreover, markets compress diverse aspects of spatial variation in welfare, otherwise difficult to quantify, into compensating wage and rent differentials. Rents tend to capitalize the variation in a host of amenities, thereby substantially reducing the need for a potential migrant to …
A Multi-Disciplinary Interpretation Of Migration: Amenity Capitalization In Both Labor And Land Markets, Philip E. Graves, Robert L. Sexton, Thomas A. Knapp
A Multi-Disciplinary Interpretation Of Migration: Amenity Capitalization In Both Labor And Land Markets, Philip E. Graves, Robert L. Sexton, Thomas A. Knapp
PHILIP E GRAVES
Various disciplines have produced models to explain and predict migration. A model is presented providing a taxonomy through which interdisciplinary insights can be synthesized. The imperfect information view emphasizes the role of wage differentials as representing arbitragible real utility differences. The perfect information approach holds that wage and rent differentials are compensating differentials, eliminating real utility variation over space. Moreover, markets compress diverse aspects of spatial variation in welfare, otherwise difficult to quantify, into compensating wage and rent differentials. Rents tend to capitalize the variation in a host of amenities, thereby substantially reducing the need for a potential migrant to …