And the pursuit of happiness: International migratory flows and countries' subjective well-being

This research considers observed migratory flows as a source of information for the preferences of individuals. Using data on global migration flows from 2005 onwards, the extent to which the structure of the international migration system is consistent with an implicit ranking of countries is exami...

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Detalles Bibliográficos
Autores: Navarro Azorín, José Miguel, Ramos Parreño, José María
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2024
País:España
Institución:Universidad Politécnica de Cartagena(UPCT)
Repositorio:Repositorio Digital UPCT
OAI Identifier:oai:repositorio.upct.es:10317/13092
Acceso en línea:http://hdl.handle.net/10317/13092
https://onlinelibrary.wiley.com/doi/10.1111/exsy.13402
Access Level:acceso abierto
Palabra clave:Happiness
Migration
SHAP values
XGBoost
Economía Aplicada
5204.03 Migraciones
Descripción
Sumario:This research considers observed migratory flows as a source of information for the preferences of individuals. Using data on global migration flows from 2005 onwards, the extent to which the structure of the international migration system is consistent with an implicit ranking of countries is examined. Moreover, by assuming that migrants' decision-making is guided by utility maximization, we interpret the scores of the ranking as a measure of subjective well-being or happiness. After this, the estimated scores are associated with a set of factors usually considered key drivers of happiness. Empirical results suggest that income is the most relevant predictor of happiness and this relationship is non-linear.