Theoretical Insights on the Migration Process from Economic Behaviour's Perspective

Implications using behavioural economics aspects in migration decisions could help for countries to make appropriate policy decisions in a time, when there are free movement of European Union citizens. Therefore, the main purpose of this article was to propose a theoretical model of economic behavio...

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Bibliographic Details
Published in:Procedia, social and behavioral sciences social and behavioral sciences, 2015-12, Vol.213, p.873-878
Main Authors: Žičkutė, Ineta, Kumpikaitė-Valiūnienė, Vilmantė
Format: Article
Language:English
Subjects:
Behavioural economics
Bounded rationality
Eeconomic behaviour
Migration
Migration factors
Neoclassical economics
New economics
rationality
Self-interested preferences
Social preferences
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Summary:Implications using behavioural economics aspects in migration decisions could help for countries to make appropriate policy decisions in a time, when there are free movement of European Union citizens. Therefore, the main purpose of this article was to propose a theoretical model of economic behaviour insights based on decision to migrate. The proposed model extent analysis based on standard economics approach to the aspects of behavioural economics, composing framing effects, gains, losses, reference point, loss aversion, risk aversion, risk seeking, endowment effect and comparison the situation between source and destination countries. Differences between source and destination countries, humans needs and personal characteristics are included as well.
ISSN:1877-0428
1877-0428
DOI:10.1016/j.sbspro.2015.11.498