01796cas a2200253 a 4500 AALejournalIMF019270 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498311373 1018-5941 BD-DhAAL BD-DhAAL Bayoumi, Tamim. Stranded! : How Rising Inequality Suppressed US Migration and Hurt Those Left Behind / Tamim Bayoumi, Jelle Barkema. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (34 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Using bilateral data on migration across US metro areas, we find strong evidence that increasing house price and income inequality has reduced long distance migration, the type most linked to jobs. For those migrating uphill, from a less to a more prosperous location, lower mobility is driven by increasing house price inequlity, as the disincentives from higher house prices dominate the incentives from higher earnings. By contrast, increasing income inequality drives the fall in downhill migration as the disincentives from lower earnings dominate the incentives from lower house prices. The model underlines the plight of those trapped in decaying metro areas-those 'left behind'. Mode of access: Internet Barkema, Jelle. IMF Working Papers; Working Paper ; No. 2019/122 Full text available on IMF http://elibrary.imf.org/view/journals/001/2019/122/001.2019.issue-122-en.xml IMF e-Library