{
  "title": "The Nordic Labor Market and Migration",
  "publication": "IMF Working Papers, December 4, 2015",
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  "summary": "The large influx of migrants to Nordic countries in recent years is challenging the adoptability of Nordic labor market institutions while also adding to potential growth.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- The large influx of migrants to Nordic countries in recent years is challenging the adoptability of Nordic labor market institutions while also adding to potential growth.\n- The paper examines trends, economic drivers, and labor market implications of migration to Nordic countries with a particular focus on economic migration as distinct from recent large flows of asylum seekers.\n- Migration inflows to the Nordics are influenced by both cyclical and structural factors.\n- Migration helps dampen overheating pressures during periods of strong demand and, over the longer term, will cushion the decline in labor supply from population aging.\n- In the near-term, unemployment can rise, especially among the young and lower-skilled.\n- The analysis highlights the need to adapt Nordic labor market institutions to better facilitate the integration of migrants into employment."
    },
    {
      "heading": "Key findings",
      "content": "- Migration inflows are driven by both cyclical factors and structural factors.\n- Short-term effects:\n  - Migration can dampen overheating pressures during periods of strong demand.\n  - Near-term unemployment can rise, with especially adverse effects for the young and lower-skilled.\n- Long-term effects:\n  - Migration will cushion the decline in labor supply caused by population aging.\n- Institutional challenges:\n  - The adoptability of Nordic labor market institutions is being tested by large recent migrant inflows."
    },
    {
      "heading": "Policy recommendations",
      "content": "- Facilitate migrant integration into employment by adapting labor market institutions.\n- Increase wage flexibility at the firm level to improve labor market outcomes among immigrants.\n- Continue strong active labor market measures to support immigrant employment.\n\n---\n\n Content in this bundle\n\n- wp15254\n  - wp15254 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp15254 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/the-nordic-labor-market-and-migration-43441"
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    "Authors: Giang Ho, Kazuko Shirono",
    "Published: December 4, 2015",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781513528366.001",
    "The large influx of migrants to Nordic countries in recent years is challenging the adoptability of Nordic labor market institutions while also adding to potential growth.",
    "The paper examines trends, economic drivers, and labor market implications of migration to Nordic countries with a particular focus on economic migration as distinct from recent large flows of asylum seekers.",
    "Migration inflows to the Nordics are influenced by both cyclical and structural factors.",
    "Migration helps dampen overheating pressures during periods of strong demand and, over the longer term, will cushion the decline in labor supply from population aging.",
    "In the near-term, unemployment can rise, especially among the young and lower-skilled.",
    "The analysis highlights the need to adapt Nordic labor market institutions to better facilitate the integration of migrants into employment.",
    "Migration inflows are driven by both cyclical factors and structural factors.",
    "Short-term effects:",
    "Long-term effects:",
    "Institutional challenges:",
    "Facilitate migrant integration into employment by adapting labor market institutions.",
    "Increase wage flexibility at the firm level to improve labor market outcomes among immigrants.",
    "Continue strong active labor market measures to support immigrant employment.",
    "**_wp15254**"
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