Full Citation
Title: Internal Migration and the Microfoundations of Gravity
Citation Type: Miscellaneous
Publication Year: 2022
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Abstract: We propose a model that can match gravity patterns of U.S. interstate migration based on persistent and spatially-correlated preferences. The model also matches many untargeted dynamic moments of migration, previously a challenge for the literature. From the model, we learn five lessons with implications for regional evolutions, migratory insurance, and macroeconomic misallocation: moving costs need not be large to generate gravity patterns; return migration patterns can be the result of persistent preferences; short-run elasticities of migration vary by distance; bilateral migration flows are informative of population elasticities to local shocks; and short-and long-run population elasticities are the same.
Url: https://glhoward.github.io/greghoward.org/Microfoundations_for_Gravity.pdf
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Authors: Howard, Greg; Shao, Hansen
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Data Collections: IPUMS NHGIS
Topics: Labor Force and Occupational Structure, Migration and Immigration
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