Full Citation

Title: Geographical Mobility and the Labour Market

Citation Type: Working Paper

Publication Year: 2015

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Abstract: This Paper studies the effect of home-owners' migration costs on migration and unemployment in an economy where workers move both for work- and non-work-related reasons. To this end, a search model with heterogeneous locations is developed and calibrated to the U.S. economy. Consistent with the empirical evidence, the model predicts that home-owners have a lower unemployment rate than renters despite their higher migration costs. The result is due to home-owners' higher transition rate to employment and lower transition rate to unemployment. In addition, the model generates lower inequality in home-owners' local unemployment rates than in renters'. In line with this result, it is documented that, for the period 1996-2013, hoome-owners had less unemployment dispersion across metropolitan areas than renters.

Url: https://www.ehu.eus/documents/2276258/2294671/IL9015.pdf

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Authors: Vives, Cecilia

Series Title: IL. 90/15

Publication Number: 90/15

Institution: University of the Basque Country

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Data Collections: IPUMS CPS

Topics: Methodology and Data Collection, Migration and Immigration

Countries: United States