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What is Todaro ModelLaborMigration 1969 about?

The document presents a model of labor migration and urban unemployment in less developed countries, emphasizing the importance of the probability of finding urban jobs in influencing migration decisions. It critiques existing models for failing to account for the significant pool of urban unemployed and proposes a two-stage migration process where rural workers first enter the urban traditional sector before potentially securing modern sector jobs. The paper aims to provide a more realistic framework for u

Author

Zoe Doncel Cruz

Language

EN