wow-inequalities/02-data/intermediate/wos_sample/e7c22cb913fa638a1f6063bbe52ee9ca-schleicher-david/info.yaml

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2023-09-28 14:46:10 +00:00
abstract: 'America has become a nation of homebodies. Rates of interstate mobility,
by most estimates, have been falling for decades. Interstate mobility
rates are particularly low and stagnant among disadvantaged groups
despite a growing connection between mobility and economic opportunity.
Perhaps most importantly, mobility is declining in regions where it is
needed most. Americans are not leaving places hit by economic crises,
resulting in unemployment rates and low wages that linger in these areas
for decades. And people are not moving to rich regions where the highest
wages are available.
This Article advances two central claims. First, declining interstate
mobility rates create problems for federal macroeconomic policymaking.
Low rates of interstate mobility make it harder for the Federal Reserve
to meet both sides of its ``dual mandate{''''}: ensuring both stable
prices and maximum employment. Low interstate mobility rates also impair
the efficacy and affordability of federal safety net programs that rely
on state and local participation, and reduce wealth and growth by
inhibiting agglomeration economies. While determining an optimal rate of
interstate mobility is difficult, policies that unnaturally inhibit
interstate moves worsen national economic problems.
Second, the Article argues that governments, mostly at the state and
local levels, have created a huge number of legal barriers to interstate
mobility. Land-use laws and occupational licensing regimes limit entry
into local and state labor markets. Different eligibility standards for
public benefits, public employee pension policies, homeownership
subsidies, state and local tax regimes, and even basic property law
rules inhibit exit from low-opportunity states and cities. Furthermore,
building codes, mobile home bans, federal location-based subsidies,
legal constraints on knocking down houses, and the problematic structure
of Chapter 9 municipal bankruptcy all limit the capacity of failing
cities to ``shrink{''''} gracefully, directly reducing exit among some
populations and increasing the economic and social costs of entry limits
elsewhere.
Combining these two insights, the Article shows that big questions of
macroeconomic policy and performance turn on the content of state and
local policies usually analyzed using microeconomic tools. Many of the
legal barriers to interstate mobility emerged or became stricter during
the period in which interstate mobility declined. While causation is
difficult to determine, public policies developed by state and local
governments more interested in guaranteeing local population stability
than ensuring successful macroeconomic conditions either generated or
failed to stymie falling mobility rates. The Article concludes by
suggesting how the federal government could address stagnation in
interstate mobility.'
affiliation: 'Schleicher, D (Corresponding Author), Yale Law Sch, Law, New Haven,
CT 06520 USA.
Schleicher, David, Yale Law Sch, Law, New Haven, CT 06520 USA.'
author: Schleicher, David
author_list:
- family: Schleicher
given: David
da: '2023-09-28'
eissn: 1939-8611
files: []
issn: 0044-0094
journal: YALE LAW JOURNAL
keywords-plus: 'IMPORT COMPETITION; HOUSING CHOICE; MOBILITY; MARKET; STATE;
OPPORTUNITY; DECLINE; CITIES; CITY; SEGREGATION'
language: English
month: OCT
number: '1'
number-of-cited-references: '301'
pages: 78-154
papis_id: 31a9f6222679396fa723068177f0df4c
ref: Schleicher2017stucklaw
times-cited: '59'
title: Stuck! The Law and Economics of Residential Stagnation
2023-10-01 08:15:07 +00:00
type: article
2023-09-28 14:46:10 +00:00
unique-id: WOS:000414381000002
usage-count-last-180-days: '0'
usage-count-since-2013: '9'
volume: '127'
web-of-science-categories: Law
year: '2017'