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• Emigration or staying at home? The role of loyalty in migration decisions

  3-21.

  József Golovics

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  This paper investigates the reason behind the modest level of international migration in the presence of vast development disparities and low mobility costs. It is argued that this can be explained by the psychic aspects of migration. In the applied approach, psychic costs are not included in mobility costs; instead, they arise from the interconnectedness of people and their altruist attitudes. The study claims that this kind of psychic connection, defined as loyalty, may play a more important role in migration decisions.

  Journal of Economic Literature (JEL) codes: D01, D03, F22