Full Citation

Title: Fast Locations and Slowing Labor Mobility

Citation Type: Working Paper

Publication Year: 2019

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Abstract: Declining internal migration in the United States is driven by increasing home attachment 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 effect is consistent with the observed spatial pattern.

Url: https://philadelphiafed.org/-/media/research-and-data/publications/working-papers/2019/wp19-49.pdf

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Authors: Coate, Patrick; Mangum, Kyle

Series Title: Research Department Working Papers

Publication Number: WP19-49

Institution: Federal Reserve Bank of Philadelphia

Pages: 95

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Data Collections: IPUMS NHGIS

Topics: Migration and Immigration, Other

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