alexa Net migration, unemployment, and the business cycle.
Business & Management

Business & Management

Journal of Business & Financial Affairs

Author(s): Haurin DR, Haurin RJ

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Abstract "An empirical test of the effects of exogenous shocks upon a region's population size is conducted in the framework of an equilibrium locational model. The model emphasizes the separation of endogenous from exogenous factors, a point omitted in most empirical studies of aggregate migration. Exogenous changes are manifested in the local relative cost of living and the local relative unemployment rate. Hypotheses are tested using a national sample of youth, in addition to census, data [for the United States]. Surprisingly, a simple measure of the size of shock to a regional economy has the greatest explanatory power compared to more sophisticated measures based on prior business cycles." excerpt
This article was published in J Reg Sci and referenced in Journal of Business & Financial Affairs

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