A Life‐cycle Model of Locational Choice in a Two‐region Economy*
提出一个模型，假设家庭对区域便利设施的享受依赖于积累的特定人力资本，并分析该人力资本与区域工资率如何共同决定生命周期的区位选择，解释工作期和退休期的迁移时机及家庭行为的异质性。
The ability to use the amenities or other characteristics of a location may be a function of the length of time a household has resided in the location. We explore the implications of the hypothesis that the enjoyment of regional amenities depends on the accumulation of amenity‐specific human capital. We establish that the interaction of this human capital with regional wage rates determines life‐cycle locational trajectories. The model explains the timing of moves in the working and retirement periods of life as well as observed heterogeneity in household behavior. Small differences between households may result in dramatically different life‐cycle behavior.