This paper explores the role of regional economic structure in the wage differential driven migration among the US Metropolitan Statistical Areas for three discrete time periods from 1993 to 2004. Rapidly increasing interregional trade attributes to the restructuring process of production...

The "option value of waiting" theory applied to interregional migration predicts that a potential migrant actually moves only when the wage differential between origin and destination places exceeds a certain threshold, which might be much higher than the Marshallian trigger. In this paper we...