Policymakers would possibly ask whether or not the decline in geographic mobility is cause for concern. Because labor mobility has been a means via which employees have adjusted to adverse shocks in native employment and earnings , declining mobility charges could lengthen spells of unemployment if unemployed employees are less likely to move to locations with larger labor demand. On the other hand, geographic mobility may have declined as a result of improvements in data and communications technology have enabled better matching of individuals to jobs inside local labor markets .
Recent Advances In The Empirics Of Organizational Economics
Figure four.4 “Comparing Free Trade to Autarky” compares autarky and free trade equilibria for the United States and France. The US PPF is given by the red dot at A, while the French PPF is given by the green dot at A∗. We assume each countries share the identical mixture preferences represented by the indifference curves in the diagram.
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