Table of Contents

Economic Behavior, Economic Freedom, and Entrepreneurship

Economic Behavior, Economic Freedom, and Entrepreneurship

Edited by Richard J. Cebula, Joshua Hall, Franklin G. Mixon Jr and James E. Payne

Expert editors add to an important field of research, the economics of entrepreneurship, and explore how institutions influence entrepreneurial behavior. This book provides comprehensive and contemporary insights into the interaction between economic behavior of firms and households, economic freedom, and entrepreneurship, and how it generates an environment with greater opportunities for growth and development for individuals, households, and private-sector firms.

Chapter 12: Why do people move from one metropolitan area to another?

James V. Koch

Subjects: economics and finance, austrian economics, economics of entrepreneurship, political economy

Abstract

Increasing attention has been given to non-public goods and to the impact that amenities have upon migration. A micro-industry now exists that sees real and presumed experts comparing the attributes of one metropolitan area to another in various publications. Do these rankings reflect real-world differences among metropolitan areas such that they subsequently influence factors such as domestic migration? Using a large sample comprised of 358 metropolitan areas in the United States between 2010 and 2013, I test and find evidence for the proposition that amenities rankings capture useful information that enables us to better explain why individuals choose to migrate from one metropolitan area to another. While amenities clearly count, they are quantitatively much less important than jobs in determining domestic migration rates among metropolitan areas.

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