New Classical Theory holds in case of Pakistan: An Evidence from Micro data
Abstract
Migration is an active procedure and it plays a vital role in the growth of the country. There are many determinants and factors of migration such as wage, employment, education, age, marriage, and job-related variables (Job search, transfer of job) (Labour Force Survey of Pakistan). The migration may be internal, external, regional, and rural-urban. This study examines the intertemporal analysis of rural-urban migration in Pakistan by using micro data (Labour Force Survey of Pakistan). This study also investigates that “Neo Classical Theory of Migration” holds in case of Pakistan. The dependent variable is migration which is binary or dichotomous, so the objectives of study are estimated by the logistic regression model. The results show that the Neo-classical theory exists in case of Pakistan, and wage is the most significant and positive determinant of migration in Pakistan.
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