Stranded: Inequality, House Prices leaving People Trapped

<p>Migration is on the front burner these days. We hear a lot about people moving from one country to the next, fleeing conflict or seeking a better life. But what about the movement of people within a country? Economist Tamim Bayoumi says a well-functioning economy has people moving around to maximize their own welfare and in turn maximize the system; a basic tenant of market economics. Bayoumi is coauthor of <em><a href= "https://www.imf.org/en/Publications/WP/Issues/2019/06/03/Stranded-How-Rising-Inequality-Suppressed-US-Migration-and-Hurt-Those-Left-Behind-46824"> Stranded! How Rising Inequality Suppressed US Migration and Hurt Those “Left Behind</a></em>. In this podcast, Bayoumi says increasing house price and income inequality has reduced long distance migration, the type most linked to jobs.</p> <p>Tamim Bayoumi is Deputy Director in the IMF’s Strategy, Policy and Review Department.</p> <p> </p>