RT @MIT_uelab: We are delighted to announce that our postdoc, Vinicios Sant'Anna @vpsantanna, is on the job market. His #EconJMP (with @di….

RT @restatjournal: A regional university insulates the local economy from negative shocks like manufacturing decline. In the July issue, Gr….

RT @vpsantanna: Our latest working paper on immigration and native flight is out at the MIT Center for Real Estate Research Paper series. 👇.

RT @JPolEcon: Free to read for a limited time! "A Check for Rational Inattention" by @greg_l_howard at Read more….

Thanks to everyone that gave great suggestions as I've been writing the paper. Additional feedback is welcome! Link to the paper:

Third, while short-run migration elasticities are comparable to existing models, the long-run elasticities are completely different. (In this new version, we provide a trick for people who love the tractability of moving cost models to still get the elasticities right).

Second, since the model doesn't feature moving costs at all, it gives a different perspective on policies that encourage migration. Primarily, the new model has dramatically less room for improving welfare by helping people overcome migration frictions.

Does this new model matter for questions related to internal migration? Yes! First, we show that it does a better job of forecasting locations than a basic moving cost model. This is because it can hit that square root fact, so it more accurately guesses the probability of moving.

Puzzles are meant to be solved, so we propose a new model where people rarely move because their personal location preferences are strongly correlated over time and space, not because they face high moving costs. This model matches the square root fact

In this updated draft, we emphasize that this new fact is a puzzle for existing moving cost models. When migration is rare (as it is in the data), those models predict an approximately linear relationship

What's the new fact? The t-year migration rate (the share of people living in a different state than they did t years ago) is proportional to the square root of t

Updated one of my papers (with Hansen Shao) and gave it a new name: "The Dynamics of Internal Migration: A New Fact and its Implications".

Check it out if you're interested in empirical tests of rational inattention, or if you just like chess papers!

My paper, "A Check for Rational Inattention" is up on JPE Micro's website! Happy to see it out!

RT @ModeledBehavior: Excited to see my paper with @greg_l_howard and @liebersohn out in Journal of Financial Economics .

Check out my article with @liebersohn, "Regional Divergence and House Prices," in this issue!

RT @restatjournal: Just Accepted new paper, "An Estimated Model of Household Inflation Expectations: Information Frictions and Implications….

Here’s a link to the paper:

RT @AREUEA_ORG: Remote work impacts the demand for housing and certain locations and this impact changes over time. Join us for this talk o….

I love this type of paper: an important question, some fun (and careful) identification, and you learn some history along the way.