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[Excerpt] In this paper, we show how labor turnover considerations can be integrated into the human investment theory of migration and demonstrate that such a model provides a much better explanation for migration rates into major metropolitan areas than the conventionally-used unemployment rate. The method used here may be of interest as well to researchers working on other human investment problems that also have a multi-period dimension.


Suggested Citation
Fields, G. S. (1976). Labor force migration, unemployment and job turnover [Electronic version]. Review of Economics and Statistics, 58(4), 387-397.

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© Massachusetts Institute of Technology Press. Reprinted with permission. All rights reserved.