Time preference and labour migration in an OLG model with land and capital

Jean-Pierre Vidal, Philippe Michel and Bertrand Crettez
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Jean-Pierre Vidal: CORE, CREPP, University of Liège and CEME, University of Paris I, France
Bertrand Crettez: CERDO, University of Paris IX and CEME, University of Paris I, 12, Place du Panthéon, F-75231 Paris Cedex 05, France

Journal of Population Economics, 1996, vol. 9, issue 4, 387-403

Abstract: This paper constructs a two-country migration model in the lines of Galor (1986), in which the world population consists of individuals of two types who have different time preferences. Production uses three inputs: mobile labour, immobile capital and land. It is shown that both countries are necessarily inhabited by agents of both types and exhibit equal density of population and equal interest rate at the steady state equilibrium of the integrated economy. The steady state welfare implications of international labour migration are studied. JEL classifications: F22, J61

Keywords: Migration; ·; overlapping; generations (search for similar items in EconPapers)
JEL-codes: F22 J61 (search for similar items in EconPapers)
Date: 1996
Note: Received March 13, 1995 / Accepted November 13, 1995
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Citations: View citations in EconPapers (26)

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Working Paper: Time Preference and Labour Migration in an OLG Model with Land and Capital (1995)
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