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In “Understanding Migration Trends to Prepare for the
Post-Pandemic Future,” policy economist Stephan D. Whitaker of the Federal Reserve
Bank of Cleveland lays out why high population retention, a high degree of home ownership
and a coming wave of retirement funds bode well for metros such as Pittsburgh, Dayton,
Cleveland, Erie, Columbus, Youngstown and Cincinnati in the era of remote work and
domestic migration slowdown. His analysis of the Cleveland Fed’s Fourth District (Ohio,
western Pennsylvania, eastern Kentucky and the northern panhandle of West Virginia)
includes a look at international migration and nuanced takes on typical understandings of
boomeranging (returning to your home city after giving it a go in expensive coastal
locations) and retention. Ultimately, he reasons, “It appears that people who have more
ability to choose their location are more likely to choose home.”
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