التفاصيل البيبلوغرافية
| العنوان: |
Gift of Moving: Intergenerational Consequences of a Mobility Shock. |
| المؤلفون: |
Nakamura, Emi1 (AUTHOR), Sigurdsson, Jósef2 (AUTHOR), Steinsson, Jón1 (AUTHOR) jsteinsson@berkeley.edu |
| المصدر: |
Review of Economic Studies. May2022, Vol. 89 Issue 3, p1557-1592. 36p. 13 Charts, 10 Graphs, 1 Map. |
| مصطلحات موضوعية: |
*COST effectiveness, *LABOR mobility, INTERGENERATIONAL mobility, GEOGRAPHIC mobility, HOUSEHOLDS, LAVA |
| مستخلص: |
We exploit a volcanic "experiment" to study the costs and benefits of geographic mobility. In our experiment, a third of the houses in a town were covered by lava. People living in these houses were much more likely to move away permanently. For the dependents in a household (children), our estimates suggest that being induced to move by the "lava shock" dramatically raised lifetime earnings and education. While large, these estimates come with a substantial amount of statistical uncertainty. The benefits of moving were very unequally distributed across generations: the household heads (parents) were made slightly worse off by the shock. These results suggest large barriers to moving for the children, which imply that labour does not flow to locations where it earns the highest returns. The large gains from moving for the young are surprising in light of the fact that the town affected by our volcanic experiment was (and is) a relatively high income town. We interpret our findings as evidence of the importance of comparative advantage: the gains to moving may be very large for those badly matched to the location they happened to be born in, even if differences in average income are small. [ABSTRACT FROM AUTHOR] |
|
Copyright of Review of Economic Studies is the property of Oxford University Press / USA and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) |
| قاعدة البيانات: |
Business Source Index |
