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The price of mobility: How personality and preferences shape the mobility premium of university graduates

Weisser, Reinhard A.

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Authors

Reinhard A. Weisser



Abstract

This paper addresses the question concerning the price of geographic mobility in various labour market and migration scenarios. Pivotal points are expected mobility premiums which are sufficient to tip the scales in favour of moving to a geographically distinct location. These premiums are first derived within a theoretical model, accounting not only for location-specific amenity levels or labour market conditions, but also for heterogeneous personality traits and preferences. Derived hypotheses demonstrate that—in presence of heterogeneous psychic costs or adjustment capabilities—expected mobility premiums can remain distinctly positive even in an unemployment scenario. Furthermore, adjustment capabilities are to a large extent related to earlier mobility experiences, implying that labour mobility is partially learnable.

Journal Article Type Article
Acceptance Date Aug 24, 2018
Online Publication Date Sep 12, 2018
Publication Date Feb 12, 2019
Deposit Date Jul 18, 2023
Publicly Available Date Jul 19, 2023
Journal Review of Regional Research
Print ISSN 0173-7600
Electronic ISSN 1613-9836
Publisher Springer Verlag
Peer Reviewed Peer Reviewed
Volume 39
Issue 1
Pages 25-64
DOI https://doi.org/10.1007/s10037-018-0126-2
Public URL https://uwe-repository.worktribe.com/output/10952687

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