Fed paper investigates decline in US labour market mobility
A working paper, published by the Federal Reserve last week, argues the decline in interstate migration across the United States is a symptom of stronger internal labour markets.
The paper – Declining Migration within the US: the Role of the Labour Market, by Raven Molloy, Christopher Smith and Abigail Wozniak – identifies "a decline in the fraction of workers moving from job to job, changing industry and changing occupation" since the 1980s.
The authors attribute this to strengthening internal
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