Population Aging, Migration Spillovers, and the Decline in Interstate Migration
NY Fed – Population Aging, Migration Spillovers, and the Decline in Interstate Migration. November 2014. Number 699. Fatih Karahan and Serena Rhee “Interstate migration in the United States has declined by 50 percent since the mid-1980s. This paper studies the role of the aging population in this long-run decline. We argue that demographic changes trigger a general equilibrium effect in …