Full Citation

Title: Essays on macroeconomic analysis of geographical reallocation

Citation Type: Dissertation/Thesis

Publication Year: 2014

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Abstract: This dissertation consists of two essays that study the determinants of geographical reallocation and their macroeconomic implications. In the first chapter (co-authored with Y. Fatih Karahan), we study the role of the aging population in the long-run decline of interstate migration in the United States. We argue that, in addition to a direct compositional effect on migration, the aging population has an indirect general equilibrium effect through the labor market. There is a positive composition externality of high-moving-cost workers on the local labor market: An increase in the fraction of high-moving-cost workers increases the local job-finding rate and reduces the migration rate of all workers. We label this effect as "migration spillovers." Our quantitative analysis suggests that population aging decreases the annual interstate migration rate by 0.9 percentage points, which accounts for 59 percent of the observed decline. Of this 0.9 percentage points, 78 percent is attributable to the indirect general equilibrium effect of the aging population and only 22 percent is due to the direct effect. In the second chapter (co-authored with Y. Fatih Karahan), we construct. . .

Url: https://repository.upenn.edu/edissertations/1417/

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Authors: Rhee, Suryun

Institution: University of Pennsylvania

Department: Economics

Advisor: Krueger, Dirk

Degree: PhD

Publisher Location: Pennsylvania

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Data Collections: IPUMS CPS

Topics: Other, Population Mobility and Spatial Demography

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