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Spatial Equilibrium In The Labor Market, Philip E. Graves Jan 2013

Spatial Equilibrium In The Labor Market, Philip E. Graves

PHILIP E GRAVES

The paper discusses two approaches to spatial equilibrium in the labor market. The more traditional approach of labor economics assumes wage differentials represent arbitrageable differences in utility, with implications 1) that migration should be toward higher wage areas and 2) that migration flows will lead to convergence in wages over space. The more recent approach of urban/regional economics follows Roback in examining the implications of assumed equilibrium in utility over space. In this view wage differentials are compensatory (along with rent differentials) for amenity variation over space. The implications for wage convergence over space are complicated, but in general ...


Spatial Equilibrium In Labor Markets, Philip E. Graves Jan 2013

Spatial Equilibrium In Labor Markets, Philip E. Graves

PHILIP E GRAVES

Over long periods of human history, labor market equilibrium involved movements from low-wage areas to high-wage areas, a form of arbitrage under the implicit view that wage differentials corresponded to utility differentials. This “labor economics” view is likely to be viable as long as movement and information costs are high, and under this view the movements would be expected to cause wage convergence over space. In recent decades, perhaps beginning as early as the 1960’s, both the out of pocket and psychological costs of movement have plummeted with advances in transportation and communication technology and innovation. In addition, these ...


The Peculiar Immobility: Regional Affinity And The Postbellum Black Migrant, Philip E. Graves, Robert L. Sexton, Richard Vedder Jan 2012

The Peculiar Immobility: Regional Affinity And The Postbellum Black Migrant, Philip E. Graves, Robert L. Sexton, Richard Vedder

PHILIP E GRAVES

Why did newly freed slaves and their descendants wait a half a century before migrating in large numbers to the superior economic opportunities in the North? Census lifetime migration data on both movers and stayers are examined intertemporally for both whites and blacks. Regression analysis reveals that before 1920 Southern blacks had a very strong affinity for the "Southern way of life."


The Peculiar Immobility: Regional Affinity And The Postbellum Black Migrant, Philip E. Graves, Robert L. Sexton, Richard Vedder Dec 2011

The Peculiar Immobility: Regional Affinity And The Postbellum Black Migrant, Philip E. Graves, Robert L. Sexton, Richard Vedder

Robert L Sexton

Why did newly freed slaves and their descendants wait a half a century before migrating in large numbers to the superior economic opportunities in the North? Census lifetime migration data on both movers and stayers are examined intertemporally for both whites and blacks. Regression analysis reveals that before 1920 Southern blacks had a very strong affinity for the "Southern way of life."


Multimarket Amenity Compensation And The Behavior Of The Elderly, Philip E. Graves, Donald M. Waldman Jan 1991

Multimarket Amenity Compensation And The Behavior Of The Elderly, Philip E. Graves, Donald M. Waldman

PHILIP E GRAVES

There is no abstract for this work.


On The Role Of Amenities In Models Of Migration And Regional Development, Philip E. Graves Jan 1989

On The Role Of Amenities In Models Of Migration And Regional Development, Philip E. Graves

PHILIP E GRAVES

See manuscript for full abstract.


Migration With A Composite Amenity: The Role Of Rents, Philip E. Graves Jan 1983

Migration With A Composite Amenity: The Role Of Rents, Philip E. Graves

PHILIP E GRAVES

There is no abstract for this work.


Migration And Job Change: A Multinomial Logit Approach (Jue 1983), Peter D. Linneman, Philip E. Graves Jan 1983

Migration And Job Change: A Multinomial Logit Approach (Jue 1983), Peter D. Linneman, Philip E. Graves

PHILIP E GRAVES

See paper for the full abstract.


A Life-Cycle Empirical Analysis Of Migration And Climate, By Race (Jue 1979), Philip E. Graves Jan 1979

A Life-Cycle Empirical Analysis Of Migration And Climate, By Race (Jue 1979), Philip E. Graves

PHILIP E GRAVES

There is no abstract for this work.