Full Citation
Title: No More Californias
Citation Type: Journal Article
Publication Year: 2020
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Abstract: The modern world moves fast, as the cliché goes, but in the U.S. today, people move less frequently than their parents did a generation ago. The decline in mobility is much more than an academic curiosity. Economists widely view labor mobility as the principal mechanism by which regions adjust to local economic shocks. If local industries fall on hard times, workers can leave; in places where labor demand is high, new residents flow in. The decline has therefore generated concern that the economy is less adaptable to local shocks, ultimately resulting in labor misallocation, unrealized output, and lower productivity.
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Authors: Mangum, Kyle
Periodical (Full): Federal Reserve Bank of Philadelphia
Issue:
Volume: 100
Pages: 150
Data Collections: IPUMS USA
Topics: Population Mobility and Spatial Demography
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