Labour Mobility as An Adjustment Mechanism in the Euro Area

Artikel

The aim of this paper is to assess the capacity of labour mobility in the euro area to act as an adjustment mechanism in the event of an asymmetric shock. According to the optimum currency area theory, labour mobility has been emphasized as one of the main adjustment mechanism. Given the present situation, where there are major concerns about the future of the euro area, it is necessary to study if the mechanism for stability works and if it can be improved. Considering the difficulty of quantifying the labour mobility, we have analyzed the net migration and the regulations regarding labour market. The empirical evidence shows that labour mobility does not act as a sufficient adjustment mechanism.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: CES Working Papers ; ISSN: 2067-7693 ; Volume: 3 ; Year: 2011 ; Issue: 4 ; Pages: 579-591 ; Iasi: Alexandru Ioan Cuza University of Iasi, Centre for European Studies

Classification and Topics

• Classification: Wirtschaft ; Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems ; International Monetary Arrangements and Institutions ; Geographic Labor Mobility; Immigrant Workers
• Subject: geographical mobility ; optimality ; asymmetric shock ; endogenous effect Romania

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Puiu, Cristina
• Event: Veröffentlichung
• (who): Alexandru Ioan Cuza University of Iasi, Centre for European Studies
• (where): Iasi
• (when): 2011

Further information

• Handle: http://hdl.handle.net/10419/198149
• Last update: 10.03.2025, 11:43 AM CET