Macroeconomics of Migration in New Member States
December 1, 2008
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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.
Subject: Labor, Labor flows, Labor markets, Labor mobility, Productivity
Keywords: labor market, WP
Pages:
36
Volume:
2008
DOI:
Issue:
264
Series:
Working Paper No. 2008/264
Stock No:
WPIEA2008264
ISBN:
9781451871227
ISSN:
1018-5941
