![IMF Podcasts artwork](https://is4-ssl.mzstatic.com/image/thumb/Podcasts113/v4/49/56/ae/4956ae82-9f76-8c1c-69eb-e77b358d2650/mza_5082474512897802426.jpg/100x100bb.jpg)
Stranded: Inequality, House Prices leaving People Trapped
IMF Podcasts
English - September 27, 2019 14:31 - 14 minutes - 13.1 MB - ★★★★ - 48 ratingsBusiness News Business News Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: The Value of Whales and Every Other Breath
Next Episode: Climate and Output in Low-Income Countries
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 Stranded! How Rising Inequality Suppressed US Migration and Hurt Those “Left Behind. In this podcast, Bayoumi says increasing house price and income inequality has reduced long distance migration, the type most linked to jobs.
Tamim Bayoumi is Deputy Director in the IMF’s Strategy, Policy and Review Department.