US citizens increasingly reluctant to relocate – study
Richmond Fed research cites multiple causes, including narrowing gender gap and seniors’ wish to stay put
Geographical mobility in the US has been declining for 30 years, a study published this month by the Federal Reserve Bank of Richmond concludes.
“From covered wagons to rental vans, moving has been an iconic feature of American life,” the paper says. “In the past 30 years, however, moving rates have fallen dramatically.”
The authors – John Bailey Jones, vice-president and economist with the Richmond Fed; Urvi Neelakantan, senior policy economist with the bank; and Yue Li, associate professor of
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