Diaz, Antonia; Jáñez, Álvaro; Wellschmied, Felix - 2023
When mobility between locations is frictional, a person's economic well-being is partially determined by her place of … birth. Using a life cycle model of mobility, we find that search frictions are the main impairment to the mobility of young …, lower average wages, and fewer possibilities for geographic mobility all contribute to these welfare losses. Paying …