04158nam 2200685 450 991046425040332120170821160745.01-4623-5074-71-4527-7429-31-4518-7122-897866128421531-282-84215-3(CKB)3170000000055159(EBL)1608095(SSID)ssj0000944166(PQKBManifestationID)11518478(PQKBTitleCode)TC0000944166(PQKBWorkID)10982653(PQKB)10740997(OCoLC)762412461(MiAaPQ)EBC1608095(EXLCZ)99317000000005515920140227h20082008 uy 0engur|n|---|||||txtccrMacroeconomics of migration in new member states /Rudolfs Bems and Philip Schellekens[Washington, District of Columbia] :International Monetary Fund,2008.©20081 online resource (38 p.)IMF Working PapersIMF working paper ;WP/08/264Description based upon print version of record.1-4519-1575-6 Includes bibliographical references.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 ParameterizationCase 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... 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; ReferencesThis 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.IMF Working PapersConvergence (Economics)Europe, EasternEconometric modelsEquilibrium (Economics)Econometric modelsLabor mobilityEurope, EasternEconometric modelsEurope, EasternEmigration and immigrationEconometric modelsElectronic books.Convergence (Economics)Econometric models.Equilibrium (Economics)Econometric models.Labor mobilityEconometric models.304.80947Bems Rudolfs893809Schellekens Philip125480MiAaPQMiAaPQMiAaPQBOOK9910464250403321Macroeconomics of migration in new member states2224305UNINA