Thursday, May 26, 2016

Millennial Migration in the U.S. After 2008

There is always a steady flow of migration in the United States especially when economic conditions are good. However, Megan Benetsky from the University of California describes the Great Recession as the turning point in migration of millennials due to the housing/credit crisis which is also associated with the rise in unemployment. By using data from the U.S. Census, the American Community Survey and  the National Bureau of Economic Research, Benetsky was able to conclude that young adult were the most mobile population of the United States usually reasons for moving were job or housing related. When the market crashed the migration rate declined . Young was also defined as those ages 18 to 34. In order to analyze changes in migration of young adults, an analysis of demographic, economic, household, and geographic changes among the young adults who moved and where the moved after the recession was made.

Figure 1 shows the migration rate across age during pre- and post-  recession. The decline in migration within the U.S. is most apparent for the 18 to 34 age groups. 

Figure 2 shows that even though more education is one has the less migration decline, school enrollment is associated with fewer declines in migration. 

Figure 3 shows that those who were employed has among the smallest migration declines. 

Benetsky, M.J. & Fields, A. (2015).  Millennial Migration: How has the Great Recession affected the migration of a cohort as it came of age?, Journey to Work and Migration Statistics Branch, (Social, Economic, and Housing Statistics Division: U.S. Census).

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