GEOG 353 Lecture Notes - Lecture 11: Soft Skills, Financial Capital, Cultural Capital
Document Summary
Individuals choose best option given constraints(e. g individuals compare lifetime earnings in two places. If earnings in another country =larger after migration costs are considered, they will move: host countries compete , through policies for potential migrants, different policies attract different types of migrants. Migration up when difference in incomes is up. Migration = up when costs of migration are down. Financial capital (what you have: money or access to money. Human capital (what you know) (* for economic models: human capital = what employers look at when hiring you, measurable characteristics, degrees, diplomas, certificates(skills, experience, age (e. g 20 vs 75, unmeasurable characteristics. Social capital(who you know: social networks as resource(how broad?) Cultural capital(do you know: soft skills; knowing how to act, what is expected. Little basis for the widely-held belief that only the best and brightest" migrate. Immigrants enter at disadvantage and earn low incomes. Income rises, they catch-up to native born population(maybe surpass it too)
