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来源类型Working Paper
规范类型报告
DOI10.3386/w25091
来源IDWorking Paper 25091
Immigrants, Labor Market Dynamics and Adjustment to Shocks in the Euro Area
Gaetano Basso; Francesco D'; Amuri; Giovanni Peri
发表日期2018-10-01
出版年2018
语种英语
摘要We analyze the role of labor mobility in cushioning labor demand shocks in the Euro Area. We find that foreign born workers’ mobility is strongly cyclical, while this is not the case for natives. Foreigners’ higher population to employment elasticity reduces the variation of overall employment rates over the business cycle: thanks to them, the impact of a one standard deviation change in employment on employment rates decreases by 6 per cent at the country level and by 7 per cent at the regional level. Additionally, we compare Euro Area mobility to that of another currency union, the US. We find that the population to employment elasticity estimated for foreign-born persons is similar in the Euro Area and the US, while EA natives are definitely less mobile across countries than US natives are across states in response to labor demand shocks. This last result confirms that in the Euro Area there is room for improving country specific shocks absorption through higher labor mobility. It also suggests that immigration helped labor market adjustments.
主题Macroeconomics ; Business Cycles ; International Economics ; International Factor Mobility ; Globalization and International Relations ; Labor Economics ; Unemployment and Immigration
URLhttps://www.nber.org/papers/w25091
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/582764
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Gaetano Basso,Francesco D',Amuri,et al. Immigrants, Labor Market Dynamics and Adjustment to Shocks in the Euro Area. 2018.
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