Title of article
Big locationalunemploymentdifferencesdespitehighlabormobility
Author/Authors
Damba Lkhagvasuren، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2012
Pages
17
From page
798
To page
814
Abstract
ConsiderablelabormobilityexistsacrossUSstates,enoughthat,ifmigrationarbitrages
localunemployment,onemightexpectverylowunemploymentdifferencesacross
states.However,cross-statedatareveallargeunemploymentdifferences.Anequilibrium
multi-locationmodelwithstochasticworker-locationmatchproductivityandwithin-
locationtradingfrictionscanaccountforthesefacts.Inthemodel,someworkersmove
to, orstayin,alocationwithhighunemploymentbecausetheyaremoreproductive
therethanelsewhere.Accordingtothemodel,labormobilityandaggregateunemploy-
mentarenegativelyrelated.Thispredictionisinstarkcontrasttostandardsectoral
reallocationtheory,butconsistentwiththeUSdata
Journal title
Journal of Monetary Economics
Serial Year
2012
Journal title
Journal of Monetary Economics
Record number
846558
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