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Macroeconomics of Migration in New Member States

Author/Editor: Bems, Rudolfs | Schellekens, Philip
Authorized for Distribution: December 1, 2008
Electronic Access: Free Full Text (PDF file size is 794KB)
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.

Summary: This paper examines the macroeconomic impact of migration on income convergence in the EU's New Member States (NMS). The paper focuses on cross-border mobility of labor and examines the implications for policymakers with the help of a general equilibrium model. It finds that cross-border labor mobility provides ample benefits in terms of faster and smoother convergence. Challenges, however, include containing wage pressures and better mobilizing and utilizing resident labor that does not cross borders.
 
Series: Working Paper No. 08/264
Subject(s): Migration | Labor mobility | European Economic and Monetary Union | Wages | Capital flows | Economic growth | Income
Author's keyword(s): international factor movements | convergence | general equilibrium
 
English  
    Published:   December 1, 2008        
            Format:   Paper
    Stock No:   WPIEA2008264   Pages:   36
    Price:   US$18.00
       
     
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