Unemployment, Migration, and Growth
Bibliographic Data
| ID | 10179593 |
|---|---|
| Authors | Valerie R Bencivenga (The University of Texas at Austin), B D Smith (0000-0002-1643-2997, Federal Reserve Bank of Minneapolis) |
| Year | 1997 |
| Volume | 105 |
| Issue | 3 |
| Pages | 582-608 |
| Publication date | 1997-06-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/262083 |
| OpenAlex | W2023325097 |
| Language | EN |
| Citations received | 13 |
| References cited | 3 |
Economic development is typically accompanied by migration from rural to urban employment. This migration is often associated with significant urban underemployment. Both factors are important in the development process. The authors consider a neoclassical growth model with rural-urban migration and urban underemployment, which arises from an adverse selection problem in labor markets. They demonstrate that rural-urban migration and underemployment can be a source of development traps and can give rise to a large set of periodic equilibria displaying undamped oscillation. Many such equilibria display long periods of uninterrupted growth, punctuated by brief but severe recessions. Copyright 1997 by the University of Chicago
Economic growth · Economics · Great recession · Labour economics · Macroeconomics · Recession · Underemployment · Unemployment · Economic theories and models · Fiscal Policy and Economic Growth · Regional Economics and Spatial Analysis
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Research on Urbanization in the Developing World
Where to create jobs to reduce poverty
When nature rebels
Migradollars & poverty alleviation strategy issues in Congo (DRC)
Urbanization, informal sector, and development
Are experience and schooling complementary? Evidence from migrants' assimilation in the Bangkok labor market
Agricultural land and rural-urban migration in China
Managing Migration Through Conflicting Policies
Rural-Urban Migration In Developing Countries
The Implementation of a “Work First” Welfare-to-Work Program in a Changing Environment
Where are they going? A comparison of urban and rural youths' locational choices after leaving the parental home
| Unique citing works | 13 |
|---|---|
| Citations per year | 0,52 |
| Citation span | 2001 - 2020 (20) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 12 |