TY - JOUR
T1 - Un modelo microeconómico estocástico del comportamiento del migrante mexicano en Estados Unidos
AU - Gijón, Rosa María Domínguez
AU - Martínez, Francisco Venegas
PY - 2015
Y1 - 2015
N2 - This paper develops a stochastic model that explains the behavior of an immigrant in the United States. In the proposed model, the agent has a subsistence consumption subject to two restrictions: the first considers an irregular income together with saving, while the second considers his consumption routine. The proposed model is used to determine the optimal proportions of income the individual obtains from his work and saving when there is a surplus, and the optimal strategy for future consumption. Thus, a VAR model provides empirical evidence confirming the results of the proposal: data on the consumption and salary of the individual are used, together with relevant variables associated with migrants from 1980 to 2011, using a Granger causality analysis, impulse response functions and variance decomposition.
AB - This paper develops a stochastic model that explains the behavior of an immigrant in the United States. In the proposed model, the agent has a subsistence consumption subject to two restrictions: the first considers an irregular income together with saving, while the second considers his consumption routine. The proposed model is used to determine the optimal proportions of income the individual obtains from his work and saving when there is a surplus, and the optimal strategy for future consumption. Thus, a VAR model provides empirical evidence confirming the results of the proposal: data on the consumption and salary of the individual are used, together with relevant variables associated with migrants from 1980 to 2011, using a Granger causality analysis, impulse response functions and variance decomposition.
KW - Habit formation
KW - Migrants
KW - Stochastic dynamic programming
KW - Subsistence consumption
KW - Uncertain income
UR - http://www.scopus.com/inward/record.url?scp=84929880491&partnerID=8YFLogxK
U2 - 10.24201/edu.v30i1.1485
DO - 10.24201/edu.v30i1.1485
M3 - Artículo
SN - 0186-7210
VL - 30
SP - 45
EP - 75
JO - Estudios Demograficos y Urbanos
JF - Estudios Demograficos y Urbanos
IS - 1
ER -