Probabilistic Income-Maximizing Behavior in Regional Migration

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Abstract
IN EVIDENT CONTRADICTION OF ECONOMIC LOGIC, LABOR ALL TOO FREQUENTLY MIGRATES TO OTHER THAN THE "NET-RETURNS" MAXIMIZING REGION. IN THIS PAPER, A PROBABILISTIC FORMULATION OF THE INDIVIDUAL MIGRATION DECISION PROCESS WITH AN INCOME-MAXIMIZING CRITERION IS PROVIDED, ONE THAT IS CONSONANT WITH SUCH CONSISTENTLY OBSERVED "ANOMALOUS" BEHAVIOR. AFTER STRUCTURING THE RESPONSE CHARACTERISTICS OF SEVERAL TYPES OF INDIVIDUAL BEHAVIORS IN THE CONTEXT OF IMPERFECT INFORMATION, CERTAIN AMBIGUITIES FOUND IN EMPIRICAL RESEARCH ARE INTERPRETED IN TERMS OF ESTIMATION BIAS DUE TO PROBLEMS OF AGGREGATION AND IDENTIFICATION.

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