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Articles 1 - 6 of 6
Full-Text Articles in Social and Behavioral Sciences
Spatial Equilibrium In Labor Markets, Philip E. Graves
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 same …
Examining The Role Of Economic Opportunity And Amenities In Explaining Population Redistribution, Peter R. Mueser, Philip E. Graves
Examining The Role Of Economic Opportunity And Amenities In Explaining Population Redistribution, Peter R. Mueser, Philip E. Graves
PHILIP E GRAVES
This paper develops a model of migration integrating equilibrium and disequilibrium components in which individuals and firms form rational expectations about future opportunities. Levels of migration are derived as functions of variations in factors influencing migrant labor demand ("economic opportunity") and migrant labor supply ("residential amenities"). The model is used to estimate the extent to which migration in the United States over the period 1950-1980 is determined by these two classes of exogenous factors.
The Role Of Equilibrium And Disequilibrium In Modeling Regional Growth And Decline: A Critical Reassessment, Philip E. Graves, Peter R. Mueser
The Role Of Equilibrium And Disequilibrium In Modeling Regional Growth And Decline: A Critical Reassessment, Philip E. Graves, Peter R. Mueser
PHILIP E GRAVES
The assumption of interregional equilibrium in migration research has recently been attacked. At issue is the motivation for on-going migration if rents and wages accurately compensate for spatial amenity variations; but if rents and wages fail to accurately compensate potential migrants, then amenity valuations must be flawed. We here show that arguments supporting substantial disequilibrium in the U.S. economy are unconvincing. The substantive issues are then clarified by a model which allows for both equilibrium and disequilibrium migration. We conclude that intertemporally systematic migration stems predominantly from equilibrium forces.
Multimarket Amenity Compensation And The Behavior Of The Elderly, Philip E. Graves, Donald M. Waldman
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.
Rural To Urban Migration: Population Distribution Patterns 19, Philip E. Graves
Rural To Urban Migration: Population Distribution Patterns 19, Philip E. Graves
PHILIP E GRAVES
The abstract would be exactly the same as the introduction to the paper, and need not be repeated here.
The Urban Growth Question, Philip E. Graves
The Urban Growth Question, Philip E. Graves
PHILIP E GRAVES
City size is controversial...we present a paper that trades off the benefits and the costs of increased size. The issues are inevitably present.