00000nam 2200000zi 4500 9.927524 CaOODSP 20230919144632 m o d f cr |n||||||||| 230919t20232023oncd ob f|0| 0 eng d CaOODSP eng rda CaOODSP eng eng fre n-cn--- FB3-5/2023-34E-PDF Giannone, Elisa, author. Unpacking moving : a quantitative spatial equilibrium model with wealth / by Elisa Giannone, Qi Li, Nuno Paixão and Xinle Pang. [Ottawa] : Bank of Canada = Banque du Canada, 2023. ©2023 1 online resource (1 volume (various pagings)) : charts. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2023-34 "Last updated: June 12, 2023." Includes bibliographical references. "We argue that the interaction between mobility and wealth provides a view that rationalizes low geographic migration rates, despite migration costs being lower than currently thought. We reach this conclusion by developing and solving a quantitative dynamic spatial equilibrium model with endogenous wealth accumulated through liquid and illiquid assets. We estimate a yearly moving cost between Canadian cities of 196,303 CAD for an average adult, substantially lower than previous estimates"--Abstract. Includes abstract in French. Distribution (Economic theory) Moving, Household Costs. Répartition (Théorie économique) Déménagement Coût. Bank of Canada, issuing body. Staff working paper (Bank of Canada) 2023-34. (CaOODSP)9.806221 PDF 2.45 MB https://publications.gc.ca/collections/collection_2023/banque-bank-canada/FB3-5-2023-34-eng.pdf