Unpacking moving : a quantitative spatial equilibrium model with wealth / by Elisa Giannone, Qi Li, Nuno Paixão and Xinle Pang.: FB3-5/2023-34E-PDF
"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.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.927524&sl=0
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| Title | Unpacking moving : a quantitative spatial equilibrium model with wealth / by Elisa Giannone, Qi Li, Nuno Paixão and Xinle Pang. |
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| Publication type | Monograph - View Master Record |
| Language | [English] |
| Format | Digital text |
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| Description | 1 online resource (1 volume (various pagings)) : charts. |
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