Morning Must-Read: Nick Bunker: The Downside of Declining Domestic Migration

Nick Bunker: The downside of declining domestic migration: “Over the past 30 years…

…U.S. workers have become less likely to move…. An emerging hypothesis is that migration is declining because the benefits of migration are, too… structural changes in the labor market…. Research by economists at the International Monetary Fund shows a negative side to the decline in mobility. The paper considers migration as a way for workers to respond to a job loss…. Instead of moving on, workers drop out…”