Theoretical Insights on the Migration Process from Economic Behaviour's Perspective

Abstract

Implications using behavioural economics aspects in migration decisions could help for countries to make appropriate policy decisions in a time, when there are free movement of European Union citizens. Therefore, the main purpose of this article was to propose a theoretical model of economic behaviour insights based on decision to migrate. The proposed model extent analysis based on standard economics approach to the aspects of behavioural economics, composing framing effects, gains, losses, reference point, loss aversion, risk aversion, risk seeking, endowment effect and comparison the situation between source and destination countries. Differences between source and destination countries, humans needs and personal characteristics are included as well.

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