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Social Science > Emigration and Immigration

You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
  • Labor mobility x
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Cover IMF Working Papers
Migration, Search and Skill Heterogeneity
Myrto Oikonomou
Cross-border migration can act as an important adjustment mechanism to country-specific shocks. Yet, depending on who moves, it can have unintended consequences for business cycle stability. This paper argues that the skill composition of migration plays a critical role. When migration flows become more concentrated in skilled labor an important trade-off arises. On the one hand, migration releases unemployment pressures for the origin countries. On the other hand, it generates negative compositional effects (the so-called “brain drain” effects) and skill imbalances, which reduce supply capacity in origin countries. This paper analyses quantitatively the impact of cyclical migration in an open-economy Dynamic Stochastic General Equilibrium (DSGE) model with endogenous migration flows, trade linkages, search and matching frictions, and skill heterogeneity. I apply this framework to the case of the Greek emigration wave following the European Debt Crisis. What I find is that emigration flows implied strong negative effects for capital formation, leading to more than a 15 percentage point drop in investment. Rather than stabilizing the Greek business cycle, labor mobility led to a deeper and more protracted recession.
Keywords:
Migration; Matching Frictions; Skill Heterogeneity; emigration flow; cross-border migration; net emigration; risk-premium shock; Labor markets; Labor market frictions; Skilled labor; Labor mobility; Southern Europe
Cover IMF Working Papers
Regional Labor Mobility in Spain
Lucy Qian Liu
This paper studies the main factors that explain the low regional mobility in Spain, with a view to identifying policy options at the regional and central level to promote labor mobility. The empirical analysis finds that house prices, labor market conditions, and the pervasiveness of labor market duality at the regional level are the main determinants for Spain’s regional mobility, while labor market institutions and policies play an important role at the national level. Policies that facilitate wage setting flexibility and reduce labor market duality could help enhance the functioning of the labor market, thereby promoting labor mobility. There may be also room for policies to incentivize people to move and provide support through targeted active labor market policies.
Keywords:
Labor mobility; interregional migration; regional labor market; gravity; labor market variable; migration flow; labor market duality; protection benefit; labor market condition; duality issue; labor market indicator; migration outflow; Labor markets; Migration; Labor force; Unemployment rate; Global
Cover IMF Working Papers
A Model of Multiple Equilibria in Geographic Labor Mobility
Mr. Luis Ubeda
and
Mr. Antonio Spilimbergo
We develop a model of double matching in the labor market and the social environment in order to explain different migration patterns in response to local economic shocks. This approach explains the different behaviors of workers in different groups, regions, or countries in an endogenous way by showing the existence of multiple equilibria, rather than in an exogenous manner by introducing ex-ante regulations or unemployment benefits. This model can also explain why individuals from some communities form ‘sister’ communities in some cases and not in others.
Keywords:
WP; housing market; Migration; multiple equilibria; migration pattern; employment status; workers move; employed worker; migration habit; migration equilibrium; moving cost; Labor mobility; Employment; Unemployment; Wages; Europe