A temporary equilibrium model for international migration

This paper is concerned with the existence of temporary equilibria of migration with an overlapping generation structure and analyzes some of its properties. In the first part of the paper sufficient conditions for the existence of a temporary equilibrium of migration (in a given period) are given. In the second part some interesting properties of migration equilibria are analyzed. In particular the effects of differing degrees of information of the individuals on migration equilibria are investigated. Furthermore, it is shown that incomplete information alone suffices to induce migration flows even between countries that can be regarded as identical from an economic point of view.The paper was partly written during a research stay at the Sonderforschungsbereich 178 (University of Konstanz). Financial support of the Deutsche Forschungsgemeinschaft is gratefully acknowledged. We wish to thank an anonymous referee for helpful comments.