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http://dx.doi.org/10.5392/JKCA.2015.15.06.421

Empirical Analysis on Potential Labor Migration between Countries Implemented by Harris-Todaro Model: Result from Korea, China, and Japan  

Rhee, Hyun-Jae (청주대학교 경제학과)
Publication Information
The Journal of the Korea Contents Association / v.15, no.6, 2015 , pp. 421-431 More about this Journal
Abstract
This study aims to examine potential labor migration between Korea, China, and Japan by Harris-Todaro model which is enhanced in the presence of expected income differential. The results suggest that Korean labor forces are bi-directionally migrated to China and Japan, simultaneously, and Chinese labor forces have been switched from inflow to outflow. On the other hand, Japanese labor markets are characterized by inflow from Korea, and outflow to China. The nature of labor markets in Northeast Asia have been largely transformed such that inflow of immigrants is gradually intimidated. This is mainly due to the fact that the labor markets are gradually homogenized in this region. To this end, it could be tentatively concluded that the labor markets in Northeast Asia seem to be operated by substitutionary rather than complementary natures.
Keywords
Harris-Todaro Model; Migration Response Function; Rational Expectation; Expected Income Differential;
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Times Cited By KSCI : 2  (Citation Analysis)
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