neoclassical migration theory

Neoclassical migration theory suggests that people move from areas of low economic opportunity to regions with better job prospects and higher wages. This theory views migration as a rational decision made by individuals seeking to improve their living conditions. Factors influencing this decision include economic differences between regions, labor demand, and personal aspirations. It underscores the role of both push factors (like unemployment or poverty) and pull factors (like job opportunities and higher standards of living) in prompting migration, emphasizing that these decisions are based on economic considerations and individual self-interest.