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UID:353d3aa3bb97bbc0417ba1a0d2ed1d29
CATEGORIES:Seminars
CREATED:20220905T120902
SUMMARY:Mike Elsby - University of Edinburgh
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:\n\nSpatial Hysteresis” with Michael Amior (Hebrew University) and Axel Got
 tfries (University of Edinburgh).\n\n\nAbstract:\nWe study the role of mobi
 lity costs in the persistence of labor market outcomes across space. We pro
 vide an analytical characterization of the aggregate dynamics of a canonica
 l model with a homogeneous mobility cost. When calibrated to mobility flows
 , spatial disparities, and local labor demand and supply elasticities, the 
 model underpredicts spatial persistence, and misses the pattern of mobility
  across space. We then study the role of heterogeneity in mobility costs in
  resolving these tensions. A key contribution is that we are able to charac
 terize analytically the model with heterogeneous costs. Thus extended, the 
 model captures spatial persistence, the presence of churn in growing locati
 ons, history-dependence in spatial disparities, and a nuanced form of equil
 ibrium segregation whereby locations further down the hierarchy become incr
 easingly comprised by similar (immobile) types.\n
DTSTAMP:20260527T074831Z
DTSTART:20221114T143000Z
DTEND:20221114T160000Z
SEQUENCE:0
TRANSP:OPAQUE
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