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International Migration in the Czech Republic : role of the liquidity constraint

Publication

Abstract

In this paper we estimate the determinants of inter-regional migration of Czech population in the years 1992-2001. Despite the increasing disparities among the regions, we find that the migration rate remains at relatively low levels and economic variables such as unemployment or wages matter only to a certain extent.

THe results indicate that liquidity constraints play a role and therefore, migration rates are higher only among richer regions.