Migration equilibria disequilibria and the natural rate of unemployment in a regional context

• Published in: International journal of manpower Vol. 16; no. 2; pp. 66 - 72
• Main Authors: McGregor, P.G., Swales, J.K., Yin, Y.P.
• Format: Journal Article
• Language: English
• Published: MCB UP Ltd 01-01-1995; Emerald Group Publishing, Ltd
• Subjects: Equilibrium models; Factors; Labor market; Labor mobility; Migration; Regional disparities (Economics); Unemployment; Pay; Unemployment; Consumers
• ISSN: 0143-7720; 1758-6577
• DOI: 10.1108/01437729510085774

Examines the theory of regional equilibria in the presence of
endogenous migration, where net migration flows are determined by real
consumption wage and unemployment-rate differentials. Provides a
theoretical analysis of market clearing and steady state concepts of
equilibrium and examines the impact on local demand of government
expenditure. Concludes that a natural rate input-output model applies,
but that the system takes a long time to return to the equilibrium.