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Some Micro Aspects of Human Migration Activity*

Published online by Cambridge University Press:  28 April 2015

David D. Osburn
David D. Osburn*
Affiliation:
University of Missouri
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Extract

Only recently have economists emphasized the human agent as a resource and the significance of human migration in promoting economic growth. Advances in technology, increased per capita income and population have all emphasized the necessity of labor force adjustment in our economy. Due to dynamic shifts in aggregate demand and supply functions, labor must be mobile to receive the maximum return possible for its contribution to gross national product. All comparable resources would receive the same returns when factor markets are in equilibrium, regardless of their use. While a textbook equilibrium is not likely to be observed in the U.S. labor market, it can be presumed that human migration is an equilibrating phenomenon.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 5 , Issue 2 , December 1973 , pp. 125 - 130
Copyright
Copyright © Southern Agricultural Economics Association 1973

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Footnotes

*

Missouri Agricultural Experiment Station Journal Series No. 6165

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