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Geographical reallocation and unemployment during the Great Recession : the role of the housing bust
Karahan, Fatih; Rhee, Serena - 2013
and increased the dispersion and level of unemployment during the Great Recession. We construct an equilibrium model of … prices reduces migration and causes unemployment to rise differently in different locations. The model accounts for 90 … percent of the increase in geographical dispersion of unemployment and the entire decline in net migration. However, despite …
Persistent link: https://www.econbiz.de/10009721285
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Amerisclerosis? The Puzzle of Rising U.S. Unemployment Persistence
Coibion, Olivier - 2013
The persistence of U.S. unemployment has risen with each of the last three recessions, raising the specter that future … shocks do not systematically lead to more persistent unemployment than monetary policy shocks, so these cannot explain the … rising persistence of unemployment. Second, monetary and fiscal policies can account for only part of the evolving …
Persistent link: https://www.econbiz.de/10013073937
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Amerisclerosis? The Puzzle of Rising U.S. Unemployment Persistence
Coibion, Olivier - 2014
The persistence of U.S. unemployment has risen with each of the last three recessions, raising the specter that future … shocks do not systematically lead to more persistent unemployment than monetary policy shocks, so these cannot explain the … rising persistence of unemployment. Second, monetary and fiscal policies can account for only part of the evolving …
Persistent link: https://www.econbiz.de/10013061955
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Amerisclerosis? : the puzzle of rising US unemployment persistence
Coibion, Olivier; Gorodnichenko, Yuriy; Koustas, Dmitri - 2013
The persistence of U.S. unemployment has risen with each of the last three recessions, raising the specter that future … shocks do not systematically lead to more persistent unemployment than monetary policy shocks, so these cannot explain the … rising persistence of unemployment. Second, monetary and fiscal policies can account for only part of the evolving …
Persistent link: https://www.econbiz.de/10010207304
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Understanding migration aversion using elicited counterfactual choice probabilities
Koşar, Gizem; Ransom, Tyler; Klaauw, Wilbert van der - 2019
Residential mobility rates in the United States have fallen considerably over the past three decades. The cause of the long-term decline remains largely unexplained. In this paper we investigate the relative importance of alternative drivers of residential mobility, including job opportunities,...
Persistent link: https://www.econbiz.de/10011999897
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Understanding migration aversion using elicited counterfactual choice probabilities
Koşar, Gizem; Ransom, Tyler; Klaauw, Wilbert van der - 2019
Residential mobility rates in the U.S. have fallen considerably over the past three decades. The cause of the long-term decline remains largely unexplained. In this paper we investigate the relative importance of alternative drivers of residential mobility, including job opportunities,...
Persistent link: https://www.econbiz.de/10011997718
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Migration networks and location decisions : evidence from U.S. mass migration
Stuart, Bryan A.; Taylor, Evan J. - 2019
This paper studies how birth town migration networks affected long-run location decisions during historical U.S. migration episodes. We develop a new method to estimate the strength of migration networks for each receiving and sending location. Our estimates imply that when one randomly chosen...
Persistent link: https://www.econbiz.de/10012127192
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Cities and the structure of social interactions : evidence from mobile phone data
Büchel, Konstantin; Ehrlich, Maximilian von - 2017
Social interactions are considered pivotal to agglomeration economies. We explore a unique dataset on mobile phone calls to examine how distance and population density shape the structure of social interactions. Exploiting an exogenous change in travel times, we show that distance is highly...
Persistent link: https://www.econbiz.de/10011688211
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Urban interactions
Kim, Jung Sung; Patacchini, Eleonora; Picard, Pierre M.; … - 2017
This paper studies social-tie formation when individuals care about the geographical location of other individuals. In our model, the intensity of social interactions can be chosen at the same time as friends. We characterize the equilibrium in terms of both social interactions and social...
Persistent link: https://www.econbiz.de/10011754242
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Inefficient Equilibrium Unemployment in a Duocentric Economy with Matching Frictions
Lehmann, Etienne; Montero Ledezma, Paola L.; Van der … - 2013
This article examines unemployment disparities and efficiency in a densely populated economy with two job centers and … unemployed. Their decisions over job-search are thus typically not optimal and hence the equilibrium unemployment rates are … changes in the workforce distribution have non-negligible effects on unemployment rates, wages and net output. …
Persistent link: https://www.econbiz.de/10010328991