| Description |
1 online resource (36 pages) : illustrations |
| Series |
IMF working paper ; WP/08/264.
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| Contents |
I. Introduction; II. Cross-Border Labor Flows; Tables; 1. New Member States: Net Migration Rates, 1992-2007; 2. Largest Source Countries for Immigration in OECD European Countries, 2000 and 2005.; Figures; 1. Residents from the NMS-8 in the EU-15, 2000-2006; III. A General Equilibrium Model with Labor Mobility; 2. New Member States: Income per Capita Relative to EU-27, 2000 and 2007; A. Model Setup; Consumer Problem; Producer Problems; Aggregate Resource Constraints; B. Definition of Equilibrium; C. Characterization of Equilibrium; Functional Forms and Parameterization |
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Case 1: Impact of Cross-Border Labor Mobility on Convergence3. Parameter Values and Initial Conditions; 3. Simulations with Minimal Factor Adjustment Costs; Case 2: Impact When Adjustment Costs are Large; 4. Simulations with Larger Factor Adjustment Costs; Case 3: Pace of Productivity Convergence and the Boom and Bust Cycle; 5. Response of Cross-Border Labor Flows to Selected Convergence Scenarios; IV. Policy Challenges; A. Managing Volatility; Symptoms of Overheating; 6. New Member States: Real Wage Developments, 2004-2008:Q1; 7. New Member States: Job Vacancy Rates, 2005-07 |
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... Or Business As Usual?Labor Mobility's Cushioning Role; Demand-Management Policies; B. Fostering Growth; Mobilizing Labor Supply and Employment; 8. New Member States: Employment Rate, 2000-07; 9. New Member States: Unemployment Rate, 2000-08; Reducing Labor Market Mismatches; V. Conclusion; References |
| 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 |
| Notes |
At head of title: European Department |
|
"December 2008." |
| Bibliography |
Includes bibliographical references (pages 35-36) |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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Print version record |
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digitized 2011 HathiTrust Digital Library committed to preserve pda MiAaHDL |
| Subject |
Convergence (Economics) -- Europe, Eastern -- Econometric models
|
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Equilibrium (Economics) -- Econometric models
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Labor mobility -- Europe, Eastern -- Econometric models
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Convergence (Economics) -- Econometric models
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Emigration and immigration -- Econometric models
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Equilibrium (Economics) -- Econometric models
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Labor mobility -- Econometric models
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Internationale Arbeitsmobilität.
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Entwicklungskonvergenz.
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EU-Staaten (Osteuropa)
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| SUBJECT |
Europe, Eastern -- Emigration and immigration -- Econometric models
|
| Subject |
Eastern Europe
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| Form |
Electronic book
|
| Author |
Schellekens, Philip, author.
|
|
International Monetary Fund. European Department.
|
| ISBN |
9781451915754 |
|
1451915756 |
|
9781451871227 |
|
1451871228 |
|
