Aleksandr GrebenyukPublished in:
Migration and social development
– Vol. 1, Number 1 (January-March 2017)

JEL classification: F22, K37, O15

Keywords: labor migration, theoretical approaches


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Abstract:

The article is devoted to a review of the main socio-economic theories of studying labor migration. The paper presents the approaches of mercantilism, classical political economy, Marxism, Keynesianism, the neoclassical theory of migration, the theory of the feedback of economic cycles, the concept of a new migration economy, the theory of the segmented labor market, the theory of the world labor market, the concept of the global migration system, the concept of a new international economic order, theory of human capital.

Highlights:

► the economic approach to the study of international migration includes more than 20 different scientific areas, theories and concepts
► the concept of the new economics of migration argues that it often the decision of labor migration is made not by a person individually, but in conjunction with other members of his family
► the decision to migrate is accepted by most in those countries and by those people who can observe the greatest level of variation of income
► the role of women has changed significantly, and for them the goal is not in receiving minimum income, but rather, in career growth and improvement of their social status
► the concept of a global migration system suggests that the reason for the migration movement is not just a difference in the level of wages, but the general conditions of economic inequality and the crisis in the peripheral countries
► taking the decision to migrate, the individual evaluates the net present value of their benefits from moving to another country
► the costs of migration depend on two parameters, distance and age, and for both factors remains a direct correlation

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