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Journal Article
Geographic Mobility and Consumer Financial Health: Evidence from Oil Production Boom Towns
One way a household might handle financial distress is to relocate to another area that offers greater income opportunities. This article examines the impact of geographic mobility on consumer finances by focusing on the residents of ?boom towns??areas that saw a surge of growth in oil-drilling activity around 2010 and a bust thereafter. We find that residents who move after the bust experience stronger consumer financial health than residents who stay put.
Journal Article
Paid to Relocate
Maggie Blume first learned about Ascend West Virginia on Instagram, where she saw a list of cities and states around the country promising money and other benefits to attract workers. A small business marketing executive from Chicago and a remote worker herself, Blume had already been considering applying for some of the other programs on the list. She says, however, "I really was waiting for something that caught my eye." Drawn by the outdoors and her fond memories of visiting West Virginia as a child, Blume applied for Ascend's second cohort, which would be centered in rural Lewisburg ...