Basu, Arnab K.; Chau, Nancy H.; Lin, Gary - 2022
unemployment. Micro-founded in a setting where search friction regulates labor market transitions, we derive a migration gravity … equation for bilateral mobility that embodies a co-determined local unemployment term. As a theory of migration, our model ….g. home bias). As a model of unemployment, a migration gravity approach uncovers hitherto under-appreciated interregional …