{
  "title": "Macroeconomics of Migration in New Member States",
  "publication": "IMF Working Papers, 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.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- This paper examines the macroeconomic impact of migration on income convergence in the EU's New Member States (NMS).\n- The analysis focuses on cross-border mobility of labor and examines implications for policymakers using a general equilibrium model.\n- Core finding: cross-border labor mobility provides ample benefits in terms of faster and smoother convergence.\n- Identified challenges include containing wage pressures and better mobilizing and utilizing resident labor that does not cross borders."
    },
    {
      "heading": "Key Findings",
      "content": "- Cross-border labor mobility accelerates income convergence between source and destination countries.\n- Migration smooths adjustment processes associated with convergence.\n- Migration can generate wage pressures that policymakers need to manage.\n- A portion of resident labor does not cross borders and requires better mobilization and utilization to fully capture benefits from migration."
    },
    {
      "heading": "Policy Implications and Recommendations",
      "content": "- Facilitate cross-border labor mobility to harness benefits for faster and smoother convergence.\n- Implement measures to contain wage pressures associated with increased labor mobility.\n- Design policies to mobilize and utilize resident labor that remains in NMS to complement migration-driven gains.\n- Use general equilibrium modeling to assess the macroeconomic implications of migration policies.\n\n---\n\n Content in this bundle\n\n- wp08264 - References\n  - wp08264 - References (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp08264 - References (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/macroeconomics-of-migration-in-new-member-states-22482"
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    "Authors: Rudolfs Bems, Philip Schellekens",
    "Published: December 1, 2008",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451871227.001",
    "This paper examines the macroeconomic impact of migration on income convergence in the EU's New Member States (NMS).",
    "The analysis focuses on cross-border mobility of labor and examines implications for policymakers using a general equilibrium model.",
    "Core finding: cross-border labor mobility provides ample benefits in terms of faster and smoother convergence.",
    "Identified challenges include containing wage pressures and better mobilizing and utilizing resident labor that does not cross borders.",
    "Cross-border labor mobility accelerates income convergence between source and destination countries.",
    "Migration smooths adjustment processes associated with convergence.",
    "Migration can generate wage pressures that policymakers need to manage.",
    "A portion of resident labor does not cross borders and requires better mobilization and utilization to fully capture benefits from migration.",
    "Facilitate cross-border labor mobility to harness benefits for faster and smoother convergence.",
    "Implement measures to contain wage pressures associated with increased labor mobility.",
    "Design policies to mobilize and utilize resident labor that remains in NMS to complement migration-driven gains.",
    "Use general equilibrium modeling to assess the macroeconomic implications of migration policies.",
    "**_wp08264 - References**"
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