Regional Labor Market Adjustments in the United States and Europe
Regional Labor Market Adjustments in the United States and Europe

Author: Mai Dao

Publisher: International Monetary Fund

Published: 2014-02-11

Total Pages: 38

ISBN-13: 1475598475

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We examine patterns of regional adjustments to shocks in the US during the past 40 years. Using state-level data, we estimate the dynamic response of regional employment, unemployment, participation rates and net migration to state-relative labor demand shocks. We find that (i) the long-run effect of a state-specific shock on the state employment level has decreased over time, suggesting less overall net migration in response to a regional shock, (ii) the role of the participation rate as absorber of regional shocks has increased, (iii) the response of net migration to regional shocks is stronger, while that of relative unemployment is weaker during aggregate downturns, and (iv) the change in the response intensity of migration is related to the declining trend in regional dispersion of labor market conditions. Finally, using regional data for a set of 21 European countries, we show that while the short-term response of participation rates to labor demand shocks is typically larger in Europe than in the US, the immediate response of net migration in Europe has increased over time.

Regional Labor Market Adjustments in the United States
Regional Labor Market Adjustments in the United States

Author: Mai Dao

Publisher: International Monetary Fund

Published: 2014-11-25

Total Pages: 51

ISBN-13: 1498380433

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We examine patterns of regional adjustments to shocks in the US during the past four decades. We find that the response of interstate migration to relative labor market conditions has decreased, while the role of the unemployment rate as absorber of regional shocks has increased. However, the response of net migration to regional shocks is stronger during aggregate downturns and increased particularly during the Great Recession. We offer a potential explanation for the cyclical pattern of migration response based on the variation in consumption risk sharing.

Regional Labor Market Adjustments in the United States
Regional Labor Market Adjustments in the United States

Author: Mai Dao

Publisher: International Monetary Fund

Published: 2014-11-25

Total Pages: 51

ISBN-13: 1498302718

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We examine patterns of regional adjustments to shocks in the US during the past four decades. We find that the response of interstate migration to relative labor market conditions has decreased, while the role of the unemployment rate as absorber of regional shocks has increased. However, the response of net migration to regional shocks is stronger during aggregate downturns and increased particularly during the Great Recession. We offer a potential explanation for the cyclical pattern of migration response based on the variation in consumption risk sharing.

Labour Mobility in the EU
Labour Mobility in the EU

Author: Kristina Toplak

Publisher: Založba ZRC

Published: 2018-09-01

Total Pages: 162

ISBN-13: 9610500528

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V šestih prispevkih monografije so analizirani obstoječi in porajajoči se izzivi na področju delovne mobilnosti v Evropski uniji, pri čemer jih avtorji obravnavajo skozi prizmo mobilnih delavcev v različnih poklicih. Z večdisciplinarnim pristopom in uporabo različnih metodoloških prijemov so avtorji ustvarili ogrodje za analitične diskusije o učinkih mobilnosti v EU, učinkovitosti in pravičnosti prostega pretoka oseb znotraj EU ter večplastnosti posledic za posameznike, države članice in nacionalne politike. Prvi prispevek je teoretski uvod v tematiko, ki mobilnost izčrpno predstavi kot teoretski koncept, politično agendo in temeljno evropsko vrednoto. Kompleksni preplet mnogoterih učinkov delovne mobilnosti, ki se pojavljajo na več ravneh, je v nadaljevanju obravnavan v petih študijah primera. Le-te osvetljujejo dileme, paradokse, učinke in posledice notranje mobilnosti v EU na primerih mobilnih zdravstvenih delavcev, umetnikov in kulturnih delavcev, napotenih delavcev, skrbstvenih delavk in visoko izobraženih delavcev. Vsi predstavljeni primeri so rezultat večletnih znanstvenoraziskovalnih prizadevanj in aktivnega delovanja avtorjev v različnih projektih s področja mobilnosti.

Moving for Prosperity
Moving for Prosperity

Author: World Bank

Publisher: World Bank Publications

Published: 2018-06-14

Total Pages: 407

ISBN-13: 1464812829

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Migration presents a stark policy dilemma. Research repeatedly confirms that migrants, their families back home, and the countries that welcome them experience large economic and social gains. Easing immigration restrictions is one of the most effective tools for ending poverty and sharing prosperity across the globe. Yet, we see widespread opposition in destination countries, where migrants are depicted as the primary cause of many of their economic problems, from high unemployment to declining social services. Moving for Prosperity: Global Migration and Labor Markets addresses this dilemma. In addition to providing comprehensive data and empirical analysis of migration patterns and their impact, the report argues for a series of policies that work with, rather than against, labor market forces. Policy makers should aim to ease short-run dislocations and adjustment costs so that the substantial long-term benefits are shared more evenly. Only then can we avoid draconian migration restrictions that will hurt everybody. Moving for Prosperity aims to inform and stimulate policy debate, facilitate further research, and identify prominent knowledge gaps. It demonstrates why existing income gaps, demographic differences, and rapidly declining transportation costs mean that global mobility will continue to be a key feature of our lives for generations to come. Its audience includes anyone interested in one of the most controversial policy debates of our time.

Matching Economic Migration with Labour Market Needs
Matching Economic Migration with Labour Market Needs

Author: OECD

Publisher: OECD Publishing

Published: 2014-09-18

Total Pages: 382

ISBN-13: 9264216502

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This publication gathers the papers presented at the “OECD-EU dialogue on mobility and international migration: matching economic migration with labour market needs” (Brussels, 24-25 February 2014), a conference jointly organised by the European Commission and the OECD.

Internal Migration in the United States
Internal Migration in the United States

Author: Raven S. Molloy

Publisher: DIANE Publishing

Published: 2011-08

Total Pages: 47

ISBN-13: 1437987419

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This report reviews patterns in migration within the U.S. over the past thirty years. Internal migration has fallen noticeably since the 1980s, reversing increases from earlier in the century. The decline in migration has been widespread across demographic and socioeconomic groups, as well as for moves of all distances. Although a convincing explanation for the secular decline in migration remains elusive and requires further research, the authors find only limited roles for the housing market contraction and the economic recession in reducing migration recently. Despite its downward trend, migration within the U.S. remains higher than that within most other developed countries. Charts and tables. This is a print on demand report.

Perspectives on Regional Unemployment in Europe
Perspectives on Regional Unemployment in Europe

Author: Mr.Paolo Mauro

Publisher: International Monetary Fund

Published: 1999-05-17

Total Pages: 56

ISBN-13: 9781557758002

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The third stage of European Economic and Monetary Union (EMU) was implemented in January 1999 against the specter of persistently high unemployment in many of the participating countries. While the high European unemployment has received considerable attention, this new IMF staff study analyzes an equally important issue: the extent of regional unemployment disparities in certain countries. The paper focuses on large and persistent differences in regional unemployment rates within several European countries. The paper includes detailed case studies of two euro area countries where regional disparities in unemployment are striking- Italy and Spain. The studies emphasize that wages are unresponsive to local labor market conditions.

Unfinished Business
Unfinished Business

Author: Tamim Bayoumi

Publisher: Yale University Press

Published: 2017-09-19

Total Pages: 297

ISBN-13: 0300231830

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A penetrating critique tracing how under-regulated trading between European and U.S. banks led to the 2008 financial crisis—with a prescription for preventing another meltdown There have been numerous books examining the 2008 financial crisis from either a U.S. or European perspective. Tamim Bayoumi is the first to explain how the Euro crisis and U.S. housing crash were, in fact, parasitically intertwined. Starting in the 1980s, Bayoumi outlines the cumulative policy errors that undermined the stability of both the European and U.S. financial sectors, highlighting the catalytic role played by European mega banks that exploited lax regulation to expand into the U.S. market and financed unsustainable bubbles on both continents. U.S. banks increasingly sold sub-par loans to under-regulated European and U.S. shadow banks and, when the bubbles burst, the losses whipsawed back to the core of the European banking system. A much-needed, fresh look at the origins of the crisis, Bayoumi’s analysis concludes that policy makers are ignorant of what still needs to be done both to complete the cleanup and to prevent future crises.