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• W3199103690 abstract "What generates the large amount of heterogeneity and persistence in U.S. city growth rates? To answer this question we construct a dynamic general equilibrium model of urban migration that is consistent with the approximately linear relation between gross and net migration rates that we uncover in a panel of 381 metropolitan statistical areas. Consistency with this relation together with the model’s structure of moving costs delivers a parsimonious reduced form in which competitive equilibrium allocations are given by the solution to a city’s social planner problem subject to quadratic population adjustment costs. A calibrated version of the model indicates that empirically measured total factor productivity shocks account for most of the short-run and long-run population dynamics observed in U.S. data." @default.
• W3199103690 created "2021-09-27" @default.
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• W3199103690 date "2021-12-01" @default.
• W3199103690 modified "2023-10-18" @default.
• W3199103690 title "Migration and urban economic dynamics" @default.
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• W3199103690 doi "https://doi.org/10.1016/j.jedc.2021.104234" @default.
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