The Economics of Forced Displacement : An Introduction
Forced displacement -- defined as the displacement of refugees and internally displaced persons due to violence -- has reached an unprecedented scale and global attention during the past few years, particularly in the aftermath of the Syrian refuge...
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/416021493129519342/The-economics-of-forced-displacement-an-introduction http://hdl.handle.net/10986/26476 |
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okr-10986-264762021-06-08T14:42:45Z The Economics of Forced Displacement : An Introduction Verme, Paolo FORCED MIGRATION FORCED DISPLACEMENT INTERNALLY DISPLACED PERSONS CONFLICT REFUGEES GAME THEORY NEUROECONOMICS BEHAVIORAL ECONOMICS Forced displacement -- defined as the displacement of refugees and internally displaced persons due to violence -- has reached an unprecedented scale and global attention during the past few years, particularly in the aftermath of the Syrian refugee crisis in 2011 and the European Union's migration crisis in 2015. As this plight gained momentum, economics found itself unprepared to answer the basic questions surrounding refugees and internally displaced persons. Few economists or institutions were working on forced displacement. Economic theory or empirics had little to offer in articles published in journals. Data were scarce, unreliable, or inaccessible. Can economics rise to the challenge? Is the economics of forced displacement different from neoclassical economics? Can off-the-shelves models be used to study forced displaced populations? What is missing to do the economics of forced displacement? What are the data constraints that limit economists in this work? This paper provides a first nontechnical introduction to these topics. The paper argues that the modeling of utility, choice, risk, and information in a short-term setting is the key to address the problem. Neoclassical economics lacks some of the theoretical ingredients that are needed, but recent developments in game theory, neuroeconomics, and behavioral economics have opened new horizons that make the task of modeling forced displacement within reach. Empirics is clearly limited by the scarcity of quality data, but an example shows how welfare economists can start working with existing data. Economists have no excuse to maintain the status quo and should get on with the work on forced displacement. 2017-04-26T22:34:37Z 2017-04-26T22:34:37Z 2017-04 Working Paper http://documents.worldbank.org/curated/en/416021493129519342/The-economics-of-forced-displacement-an-introduction http://hdl.handle.net/10986/26476 English en_US Policy Research Working Paper;No. 8038 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Europe and Central Asia Middle East and North Africa |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
FORCED MIGRATION FORCED DISPLACEMENT INTERNALLY DISPLACED PERSONS CONFLICT REFUGEES GAME THEORY NEUROECONOMICS BEHAVIORAL ECONOMICS |
| spellingShingle |
FORCED MIGRATION FORCED DISPLACEMENT INTERNALLY DISPLACED PERSONS CONFLICT REFUGEES GAME THEORY NEUROECONOMICS BEHAVIORAL ECONOMICS Verme, Paolo The Economics of Forced Displacement : An Introduction |
| geographic_facet |
Europe and Central Asia Middle East and North Africa |
| relation |
Policy Research Working Paper;No. 8038 |
| description |
Forced displacement -- defined as the
displacement of refugees and internally displaced persons
due to violence -- has reached an unprecedented scale and
global attention during the past few years, particularly in
the aftermath of the Syrian refugee crisis in 2011 and the
European Union's migration crisis in 2015. As this
plight gained momentum, economics found itself unprepared to
answer the basic questions surrounding refugees and
internally displaced persons. Few economists or institutions
were working on forced displacement. Economic theory or
empirics had little to offer in articles published in
journals. Data were scarce, unreliable, or inaccessible. Can
economics rise to the challenge? Is the economics of forced
displacement different from neoclassical economics? Can
off-the-shelves models be used to study forced displaced
populations? What is missing to do the economics of forced
displacement? What are the data constraints that limit
economists in this work? This paper provides a first
nontechnical introduction to these topics. The paper argues
that the modeling of utility, choice, risk, and information
in a short-term setting is the key to address the problem.
Neoclassical economics lacks some of the theoretical
ingredients that are needed, but recent developments in game
theory, neuroeconomics, and behavioral economics have opened
new horizons that make the task of modeling forced
displacement within reach. Empirics is clearly limited by
the scarcity of quality data, but an example shows how
welfare economists can start working with existing data.
Economists have no excuse to maintain the status quo and
should get on with the work on forced displacement. |
| format |
Working Paper |
| author |
Verme, Paolo |
| author_facet |
Verme, Paolo |
| author_sort |
Verme, Paolo |
| title |
The Economics of Forced Displacement : An Introduction |
| title_short |
The Economics of Forced Displacement : An Introduction |
| title_full |
The Economics of Forced Displacement : An Introduction |
| title_fullStr |
The Economics of Forced Displacement : An Introduction |
| title_full_unstemmed |
The Economics of Forced Displacement : An Introduction |
| title_sort |
economics of forced displacement : an introduction |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/416021493129519342/The-economics-of-forced-displacement-an-introduction http://hdl.handle.net/10986/26476 |
| _version_ |
1764462078667522048 |