LEADER 05598oam 22011534 450 001 9910826442703321 005 20240402050812.0 010 $a1-4623-5074-7 010 $a1-4527-7429-3 010 $a1-4518-7122-8 010 $a9786612842153 010 $a1-282-84215-3 035 $a(CKB)3170000000055159 035 $a(EBL)1608095 035 $a(SSID)ssj0000944166 035 $a(PQKBManifestationID)11518478 035 $a(PQKBTitleCode)TC0000944166 035 $a(PQKBWorkID)10982653 035 $a(PQKB)10740997 035 $a(OCoLC)762412461 035 $a(IMF)WPIEE2008264 035 $a(MiAaPQ)EBC1608095 035 $a(EXLCZ)993170000000055159 100 $a20020129d2008 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aMacroeconomics of Migration in New Member States /$fRudolfs Bems, Philip Schellekens 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2008. 215 $a1 online resource (38 p.) 225 1 $aIMF Working Papers 225 0$aIMF working paper ;$vWP/08/264 300 $aDescription based upon print version of record. 311 $a1-4519-1575-6 320 $aIncludes bibliographical references. 327 $aContents; 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 327 $aCase 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, 2005-07 327 $a... 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 330 3 $aThis paper examines the macroeconomic impact of migration on income convergence in the EU's New Member States (NMS). The paper focuses on cross-border mobility of labor and examines the implications for policymakers with the help of a general equilibrium model. It finds that cross-border labor mobility provides ample benefits in terms of faster and smoother convergence. Challenges, however, include containing wage pressures and better mobilizing and utilizing resident labor that does not cross borders. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2008/264 606 $aConvergence (Economics)$zEurope, Eastern$xEconometric models 606 $aEquilibrium (Economics)$xEconometric models 606 $aLabor mobility$zEurope, Eastern$xEconometric models 606 $aLabor$2imf 606 $aMacroeconomics$2imf 606 $aProduction and Operations Management$2imf 606 $aLabor Economics: General$2imf 606 $aGeographic Labor Mobility$2imf 606 $aImmigrant Workers$2imf 606 $aDemand and Supply of Labor: General$2imf 606 $aLabor Turnover$2imf 606 $aVacancies$2imf 606 $aLayoffs$2imf 606 $aMacroeconomics: Production$2imf 606 $aLabour$2imf 606 $aincome economics$2imf 606 $aLabor mobility$2imf 606 $aLabor markets$2imf 606 $aLabor flows$2imf 606 $aProductivity$2imf 606 $aLabor economics$2imf 606 $aLabor market$2imf 606 $aIndustrial productivity$2imf 607 $aEurope, Eastern$xEmigration and immigration$xEconometric models 607 $aRomania$2imf 615 0$aConvergence (Economics)$xEconometric models. 615 0$aEquilibrium (Economics)$xEconometric models. 615 0$aLabor mobility$xEconometric models. 615 7$aLabor 615 7$aMacroeconomics 615 7$aProduction and Operations Management 615 7$aLabor Economics: General 615 7$aGeographic Labor Mobility 615 7$aImmigrant Workers 615 7$aDemand and Supply of Labor: General 615 7$aLabor Turnover 615 7$aVacancies 615 7$aLayoffs 615 7$aMacroeconomics: Production 615 7$aLabour 615 7$aincome economics 615 7$aLabor mobility 615 7$aLabor markets 615 7$aLabor flows 615 7$aProductivity 615 7$aLabor economics 615 7$aLabor market 615 7$aIndustrial productivity 676 $a304.80947 700 $aBems$b Rudolfs$01636353 701 $aSchellekens$b Philip$0125480 801 0$bDcWaIMF 906 $aBOOK 912 $a9910826442703321 996 $aMacroeconomics of Migration in New Member States$94083242 997 $aUNINA