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Title: Labor Reallocation over the Business Cycle: New Evidence from Internal Migration

Citation Type: Journal Article

Publication Year: 2011

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Abstract: This article establishes the cyclical properties of a novel measure of worker reallocation: long-distance migration rates within the United States. Combining evidence from a number of data sets spanning the entire postwar era, we find that internal migration within the United States is procyclical. This result cannot be explained by cyclical variation in relative local economic conditions, suggesting that the net benefit of moving rises during booms. Migrationis most procyclical for younger labor-force participants.Therefore, cyclical fluctuations in the net benefit of moving appear to be related to conditions in the labor market and the spatial reallocation of labor.

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Authors: Saks, Raven E.; Wozniak, Abigail

Periodical (Full): Journal of Labor Economics

Issue: 4

Volume: 29

Pages: 697-739

Data Collections: IPUMS CPS

Topics: Labor Force and Occupational Structure, Migration and Immigration

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