05598oam 22011534 450 991082644270332120240402050812.01-4623-5074-71-4527-7429-31-4518-7122-897866128421531-282-84215-3(CKB)3170000000055159(EBL)1608095(SSID)ssj0000944166(PQKBManifestationID)11518478(PQKBTitleCode)TC0000944166(PQKBWorkID)10982653(PQKB)10740997(OCoLC)762412461(IMF)WPIEE2008264(MiAaPQ)EBC1608095(EXLCZ)99317000000005515920020129d2008 uf 0engur|n|---|||||txtccrMacroeconomics of Migration in New Member States /Rudolfs Bems, Philip Schellekens1st ed.Washington, D.C. :International Monetary Fund,2008.1 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 Papers; Working Paper ;No. 2008/264Convergence (Economics)Europe, EasternEconometric modelsEquilibrium (Economics)Econometric modelsLabor mobilityEurope, EasternEconometric modelsLaborimfMacroeconomicsimfProduction and Operations ManagementimfLabor Economics: GeneralimfGeographic Labor MobilityimfImmigrant WorkersimfDemand and Supply of Labor: GeneralimfLabor TurnoverimfVacanciesimfLayoffsimfMacroeconomics: ProductionimfLabourimfincome economicsimfLabor mobilityimfLabor marketsimfLabor flowsimfProductivityimfLabor economicsimfLabor marketimfIndustrial productivityimfEurope, EasternEmigration and immigrationEconometric modelsRomaniaimfConvergence (Economics)Econometric models.Equilibrium (Economics)Econometric models.Labor mobilityEconometric models.LaborMacroeconomicsProduction and Operations ManagementLabor Economics: GeneralGeographic Labor MobilityImmigrant WorkersDemand and Supply of Labor: GeneralLabor TurnoverVacanciesLayoffsMacroeconomics: ProductionLabourincome economicsLabor mobilityLabor marketsLabor flowsProductivityLabor economicsLabor marketIndustrial productivity304.80947Bems Rudolfs1636353Schellekens Philip125480DcWaIMFBOOK9910826442703321Macroeconomics of Migration in New Member States4083242UNINA