In the presence of moving costs, individuals may remain in a region even when they expect to attain a higher standard of living elsewhere. When a natural disaster or other exogenous shock forces individuals to move, the net impact on living standards could be positive or negative. This paper...

Recent literature on the relationship between ethnic or racial segregation and outcomes has failed to produce a consensus view of the role of ghettos; some studies suggest that residence in an enclave is beneficial, some reach the opposite conclusion, and still others imply that any relationship...