Inelastic housing supply: A friction of inter-regional migration

He, Siyuan.


  • Abstract: Inter-regional migration is supposed to be driven by income inequality and usually viewed as the primary mechanism by which the U.S. labor market adjusts to the income disparity across regions. However, the migration mechanism has failed to equalize the income disparity in the last thirty-five years. This paper investigates the role of housing supply on inter-regional migration based on ... read more
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