Lecture 34: Labour Mobility - I

This lecture explores the concept of labor mobility, discuss its role in improving the allocation of workers across firms and its impact on national income. The lecture examines the various factors driving labor mobility, including economic opportunities, migration costs, and the self-selection of migrants based on their skills. Additionally, the lecture introduces key theoretical frameworks, such as the Roy model, to explain how workers decide whether to migrate and the implications of these decisions for labor markets.