EconPapers    
Economics at your fingertips  
 

Economic Shocks and Internal Migration

Joan Monras ()

No 12977, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Internal migration can respond to local shocks through either changes in in- or out-migration rates. This paper documents that most of the response of internal migration is accounted for by variation in in-migration. I develop and estimate a parsimonious general equilibrium dynamic spatial model around this fact. I then use the model to evaluate the speed of convergence and long run change in welfare across metropolitan areas given the heterogeneous incidence of the Great Recession at the local level. The paper shows that while there are some lasting effects of the Great Recession across locations, at least 60 percent of the initial differences potentially dissipate across space within around 10 years. This is true even when locals from the most affected metropolitan areas do not out-migrate in higher proportions in response to local shocks.

Keywords: Internal; migration; and; local; labor; market; dynamics (search for similar items in EconPapers)
JEL-codes: F22 J20 J30 J43 J61 R23 R58 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dge, nep-knm, nep-lab, nep-mig and nep-ure
Date: 2018-06
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=12977 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
Working Paper: Economic Shocks and Internal Migration (2015) Downloads
Working Paper: Economic Shocs and Internal Migration (2015) Downloads
Working Paper: Economic Shocs and Internal Migration (2015) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:12977

Ordering information: This working paper can be ordered from
http://www.cepr.org/ ... rs/dp.php?dpno=12977

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().

 
Page updated 2019-03-16
Handle: RePEc:cpr:ceprdp:12977