【摘要】The past thirty years have seen a dramatic decline in the rate of income convergence across states and in population flows to high-income places. These changes coincide with a disproportionate increase in housing prices in high-income places, a divergence in the skill-specific returns to moving to high-income places, and a redirection of low-skill migration away from high-income places. We develop a model in which rising housing prices in high-income areas deter low-skill migration and slow income convergence. Using a new panel measure of housing supply regulations, we demonstrate the importance of this channel in the data.

【关键字】Convergence;Regulation; Land use;Migration;Housing prices

【文献来源】Peter Ganong，Daniel Shoag .Why has regional income convergence in the U.S. declined? .Journal of Urban Economics ,2017 ,102.