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Rational Inattention and Migration Decisions

Authors: Bertoli, Simone; Fernández-Huertas Moraga, Jesús; Guichard, Lucas;

Rational Inattention and Migration Decisions

Abstract

Acquiring information about destinations can be costly for migrants. We model informationfrictions in the rational inattention framework and obtain a closed-form expression fora migration gravity equation that we bring to the data. The model predicts that owsfrom countries with a higher cost of information or stronger priors are less responsive tovariations in economic conditions at destination, as migrants rationally get less informationbefore deciding where to move. The econometric analysis reveals systematic heterogeneityin the pro-cyclical behavior of migration flows across origins that is consistent with theexistence of information frictions.

Country
France
Keywords

rational inattention, International migration, ddc:330, Rational inattention, information, Economía, gravity equation, D81, D83, [SHS.ENVIR] Humanities and Social Sciences/Environmental studies, Information, [SHS.STAT] Humanities and Social Sciences/Methods and statistics, international migration, F22, gravity equation JEL codes: F22, [SHS.ECO] Humanities and Social Sciences/Economics and Finance, Gravity equation

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
views
OpenAIRE UsageCountsViews provided by UsageCounts
downloads
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8
Top 10%
Average
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11
23
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