Migration and business cycles

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Monograph

Identifikator:: 1736236210

URN:: urn:nbn:de:zbw-retromon-111544

Document type:: Monograph

Author:: Jerome, Harry

Title:: Migration and business cycles

Place of publication:: New York

Publisher:: National Bureau of Economic Research

Year of publication:: 1926

Scope:: 256 S.

Digitisation:: 2020

Collection:: Economics Books

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Document type:: Monograph

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Title:: Chapter VIII. The influence of economic conditions in the countries of emigration

Collection:: Economics Books

CHAPTER VIII THE INFLUENCE OF ECONOMIC CONDITIONS IN THE COUNTRIES OF EMIGRATION To be comprehensive, an analysis of the cyclical aspects of mi- gration should throw light on the relative influence of economic conditions in the countries of emigration and of immigration. Are fluctuations in the tide of migration due primarily to conditions at home or in the country of destination? Does the emigrant leave at a particular time because his status at home becomes intolerable or because the prospects in the “promised land’ are unusually attrac- tive? If we had no better method of reaching a decision on this point, we should judge from a priori reasoning that the dominant cause of an unusual volume of emigration is most probably the attraction of unusual opportunities in the prospective home of the emigrant rather than the expelling force of unusually bad conditions in his former home. Particularly is this true of a common increase in emigration from several sources to a particular host country, especially if there is no similar increase in emigration from these same sources to other host countries. An important consideration is that the passage money for many immigrants is furnished by relatives and friends in the United States and hence we should expect that increases in the immigration of this group would be particularly apt to show a close correspondence with prosperity in the United States. On the other hand, we should expect that the time of arrival of immigrants who finance their own passage would be less influenced by conditions here. However, to the extent that business depres- sions in Europe and America occur at the same time—and we shall presently see that they are to a large degree concurrent—distress in the country of emigration will be accompanied by unemployment and low wages in the country of intended residence. Not only will it be difficult for both assisted and self-financed immigrants to obtain funds for their passage, but also the news from abroad will be depressing and little calculated to encourage the would-be im- migrants to tear loose from their moorings. 153

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