Relative to remote work, working downtown facilitates valuable interactions with other in-office workers, but entails commuting costs. The resulting coordination mechanism can lead to multiple stationary equilibria with different levels of remote …
We investigate the role of information frictions in migration. Using novel moment inequalities and data on internal migration in Brazil, we estimate worker preferences and migration costs while allowing for unobserved worker-specific information …
Information is critical for migration decisions. Yet, depending on where individuals reside and who they interact with, they may face different costs of accessing information about employment opportunities. How does this imperfect and heterogeneous …