Global labour markets, return, and onward migration

The New Migration: Global Labour Markets and Return Migration

Turnover and return in global stock markets

I study how growth affects liquidity of global stock exchanges and how liquidity determines cross-sectional returns on those stock exchange index portfolios. I measure portfolio liquidity by turnover ratio computed as value of shares traded over the market capitalization. I obtain data from FIBV, an association of global stock exchanges. In a multiple regression model for turnover ratio, I find...

Characterization of Primary, Return, and Onward Interprovincial Migration in Canada: Overall and Age-Specifie Patterns

The increasing availability of microdata (the unit of observation being either a person or a household) over the last two decades is a promising development for obtaining better insight into the migration process. Such data typically contain information on personal attributes and are relatively flexible for defining theoretically more meaningful migration variables. Two types of such data are n...

Short-term migration, rural workfare programmes, and urban labour markets

Rural and urban labour markets in developing countries are integrated by migration flows, which respond to earnings opportunities at origin and destination. This is the core of the celebrated Harris and Todaro (1970) model, which shows how in equilibrium, migration flows equate expected wages between rural and urban areas. One important implication of this model is that changes in rural employm...

Labour Migration and Rural Agricultural Production in Southwestern Nigeria

In recent years, Nigeria witnessed significant labour migration coupled with reduction in rural agricultural productivity. Youths abandoned farms for ventures with high returns and less drudgery in cities thus labour availability in peak agricultural seasons became scarce. The declining farm population constituting mostly women and old men are not capable of producing sufficient food for the no...