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.
Lien permanent pour cette publication :
publications.gc.ca/pub?id=9.927524&sl=1
| Ministère/Organisme | Bank of Canada, issuing body. |
|---|---|
| Titre | Unpacking moving : a quantitative spatial equilibrium model with wealth / by Elisa Giannone, Qi Li, Nuno Paixão and Xinle Pang. |
| Titre de la série | Staff working paper = Document de travail du personnel, 1701-9397 ; 2023-34 |
| Type de publication | Série - Voir l'enregistrement principal |
| Langue | [Anglais] |
| Format | Électronique |
| Document électronique | |
| Note(s) | "Last updated: June 12, 2023." Includes bibliographical references. Includes abstract in French. |
| Information sur la publication | [Ottawa] : Bank of Canada = Banque du Canada, 2023. ©2023 |
| Auteur / Contributeur | Giannone, Elisa, author. |
| Description | 1 online resource (1 volume (various pagings)) : charts. |
| Numéro de catalogue |
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| Descripteurs | Distribution (Economic theory) Moving, Household -- Costs. Répartition (Théorie économique) Déménagement -- Coût. |
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