The Decline in Geographic Mobility

During the past three decades, geographic mobility within the United States has declined steadily. A combination of factors is cited as the reason for the decline in a study from the Federal Reserve, including an aging population, rising homeownership rates, and a decrease in labor market transitions. These labor transitions are defined as a decline in the fraction of workers moving from job to job, changing industry, and changing occupation. The study notes, “Declines in internal migration since the mid-2000s have attracted the attention of researchers and the public because they coincided with a dramatic housing market contraction and deep economic recession.”

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