Fast Locations and Slowing Labor Mobility

121 Pages Posted: 3 Dec 2019 Last revised: 11 Jan 2020

See all articles by Patrick Coate

Patrick Coate

National Council on Compensation Insurance

Kyle Mangum

Georgia State University - Department of Economics; Federal Reserve Bank of Philadelphia

Multiple version iconThere are 2 versions of this paper

Date Written: December, 2019

Abstract

Declining internal migration in the United States is driven by increasing home attach-ment 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 e?ect is consistent with the observed spatial pattern.

Keywords: declining internal migration, labor mobility, home attachment, rootedness, local ties, conditional choice probability estimation

JEL Classification: C50, J61, R11, R23

Suggested Citation

Coate, Patrick and Mangum, Kyle and Mangum, Kyle, Fast Locations and Slowing Labor Mobility (December, 2019). FRB of Philadelphia Working Paper No. 19-49, Available at SSRN: https://ssrn.com/abstract=3497290 or http://dx.doi.org/10.21799/frbp.wp.2019.49

Patrick Coate (Contact Author)

National Council on Compensation Insurance ( email )

5 Marine View Plaza, 4th Floor
Hoboken, NJ 07030-5722
United States

Kyle Mangum

Federal Reserve Bank of Philadelphia ( email )

Ten Independence Mall
Philadelphia, PA 19106-1574
United States

Georgia State University - Department of Economics ( email )

P.O. Box 3992
Atlanta, GA 30302-3992
United States

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