The aim of this paper is to analyze the effects of labor market conditions in the origin and the destination on interregional migration in Spain, over the period 1988-2010. A basic theoretical framework is developed and the implications of the model suggest that the effect of labor market conditions on migration can vary, depending on a certain threshold. In a second step, the implications of the model are tested with Spanish data, using a new approach based on the presence of thresholds. We show that interregional migration can be explained by labor market fundamentals if the expected wage gap between the origin and the destination is below an endogenously determinate value.JEL Code: R23, C20, J61

This paper analyses the convergence of US house prices. Our results confirm the existence of some degree of segmentation in the US housing market. We also provide robust evidence that the bursting of the housing price bubble has altered this market, observing different results when the sample includes information posterior to 2010.However, we appreciate different effects depending on the geographical level of disaggregation that is employed.3

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