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Unemployment benefits should encourage geographic mobility

Americans have always been willing to move to look for better economic opportunities, and this willingness to relocate is a big factor in U.S. prosperity. Yet while everyone is free to move to look for a better life, not everyone takes advantage of the opportunity to the same degree. Some overdue changes in unemployment insurance could improve the mobility of less-educated Americans, narrow their earning gap with better-educated workers, ease unemployment and reduce income inequality.

Today, about 40 percent of U.S. households change addresses every five years. A significant number relocate to a different city. About 33 percent of Americans reside in a state other than the one they were born in.

Chosen excerpts by Job Market Monitor

Capture d’écran 2013-04-16 à 13.51.24

via Unemployment benefits should encourage geographic mobility | owenzidar.

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