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Geographical mobility of labour (Greater labour mobility (Reduced wage…
Geographical mobility of labour
The ability of labour to move around an area, region or country in order to work.
Determinants
The high cost of renting property
Differences in the general cost of living between regions and also between countries
Huge regional variations in house prices
Migration controls e.g. a cap on inward migration
Brexit
The financial costs involved in moving home
Cultural and language barriers
Family and social ties
Policies to reduce geographical immobility of labour
Reforms to the housing market
Help-to-Buy scheme
Possible building on greenfield sites
Specific subsidies for people moving into areas where there are shortages of labour
Doctors
Teachers
Geographical mobility
Supply elastic
High supply
Geographical immobility
Low supply
Supply inelastic
Personal labour mobility and national labour mobility
Greater labour mobility
More economic growth
Reduced wage inflation
less worker shortages
Lower structural unemployment
less regional and national unemployment
reduce absolute poverty, but may increase relative poverty
less inflation
current account improves
budget position improves
impact on local community is debatable