Inheritance, land, and capital mobility linked to labour mobility |
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| Authors: | Damien Gaumont Alice Mesnard |
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| Institution: | (1) Université Paris 2 and ERMES, CNRS, UPRES-A 7017, 92, rue d'Assas, 75270 Paris Cedex 06, France (Fax: 01-45-87-39-43; e-mail: damien.gaumont@free.fr), FR;(2) ARQADE 21 Allée de Brienne, 31000 Toulouse, France and Université Toulouse 1 (Fax: 05-61-12-85-38; e-mail: alice.mesnard@univ-tlse1.fr), FR |
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| Abstract: | This paper presents a two-country migration model, following Galor (1986), in which the world population consists of two
types individuals. Individuals with a high (low) degree of altruism give to their children a high (low) level of bequest.
Production uses three inputs: immobile land, mobile labour, and capital. Capital mobility is linked to labour mobility since
individuals move with their inheritance. The model shows that countries are homothetic in the post-migration equilibrium with
equal factor prices and equal densities of population. Migration flows are bilateral and the number of each type of migrants
is uniquely determined. In some cases, migration leads to a Pareto improvement in both countries.
Received: 8 July 1999/Accepted: 7 April 2000 |
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| Keywords: | JEL classification: D64 E13 F22 |
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