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UID:353d3aa3bb97bbc0417ba1a0d2ed1d29
CATEGORIES:Seminars
CREATED:20220905T120902
SUMMARY:Mike Elsby - University of Edinburgh
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:<p><strong>Spatial Hysteresis</strong>” with Michael Amior (Hebrew Universi
 ty) and Axel Gottfries (University of Edinburgh).</p><p>Abstract:</p><p sty
 le="text-align: justify;">We study the role of mobility costs in the persis
 tence of labor market outcomes across space. We provide an analytical chara
 cterization of the aggregate dynamics of a canonical model with a homogeneo
 us mobility cost. When calibrated to mobility flows, spatial disparities, a
 nd local labor demand and supply elasticities, the model underpredicts spat
 ial persistence, and misses the pattern of mobility across space. We then s
 tudy the role of heterogeneity in mobility costs in resolving these tension
 s. A key contribution is that we are able to characterize analytically the 
 model with heterogeneous costs. Thus extended, the model captures spatial p
 ersistence, the presence of churn in growing locations, history-dependence 
 in spatial disparities, and a nuanced form of equilibrium segregation where
 by locations further down the hierarchy become increasingly comprised by si
 milar (immobile) types.</p>
DTSTAMP:20260527T074922Z
DTSTART:20221114T143000Z
DTEND:20221114T160000Z
SEQUENCE:0
TRANSP:OPAQUE
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