Fast Locations and Slowing Labor Mobility

Patrick Coate and Kyle Mangum

No 19-49, Working Papers from Federal Reserve Bank of Philadelphia

Abstract: Declining internal migration in the United States is driven by increasing home attach-ment in locations with initially high rates of population turnover. These ?fast? locations were the population growth destinations of the 20th century, where home attachments were low, but have increased as regional population growth has converged. Using a novel measure of attachment, this paper estimates a structural model of migration that distinguishes moving frictions from home utility. Simulations quantify candidate explanations of the decline. Rising home attachment accounts for most of the decline not attributable to population aging, and its e?ect is consistent with the observed spatial pattern.

Keywords: declining internal migration; labor mobility; home attachment; rootedness; local ties; conditional choice probability estimation (search for similar items in EconPapers)
JEL-codes: C50 J61 R11 R23 (search for similar items in EconPapers)
Pages: 95 pages
Date: 2019-12-02
New Economics Papers: this item is included in nep-age, nep-geo, nep-lab, nep-mig and nep-ure
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Citations: View citations in EconPapers (19)

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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedpwp:19-49

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DOI: 10.21799/frbp.wp.2019.49

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