TY  - RPRT
        AU  - Bertoli, Simone
AU  - Moraga, Jesús Fernández-Huertas
AU  - Guichard, Lucas
        TI  - Rational Inattention and Migration Decisions
        PY  - 2020/Mar/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 13083
        UR  - https://www.iza.org/publications/dp13083
        AB  - Acquiring information about destinations can be costly for migrants. We model information frictions in the rational inattention framework and obtain a closed-form expression for a migration gravity equation that we bring to the data. The model predicts that ows from countries with a higher cost of information or stronger priors are less responsive to variations in economic conditions at destination, as migrants rationally get less information before deciding where to move. The econometric analysis reveals systematic heterogeneity in the pro-cyclical behavior of migration flows across origins that is consistent with the existence of information frictions.
        KW  - international migration
KW  - information
KW  - rational inattention
KW  - gravity equation
        ER  -