Arbeitspapier
Labor Supply Shocks and Capital Accumulation: The Short and Long Run Effects of the Refugee Crisis in Europe
European countries experienced a large increase in labor supply due to the influx of Ukrainian refugees after the 2022 Russia invasion. We study its dynamic effects in a spatial model with forward-looking households of different skills, trade, and endogenous capital accumulation. We find that real GDP increases in Europe in the long term, with large distributional effects across countries and skill groups. In the short run, an increase in the supply of labor strains the use of capital structures that takes time to build. Over time, countries that build capital structures increase output, resulting in potential long run benefits.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 10236
- Klassifikation
-
Wirtschaft
- Thema
-
Arbeitsangebot
Flüchtlinge
Ukrainer
Investition
Bruttoinlandsprodukt
Wohlfahrtsanalyse
Verteilungswirkung
Europa
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Caliendo, Lorenzo
Opromolla, Luca David
Parro, Fernando
Sforza, Alessandro
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2023
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Caliendo, Lorenzo
- Opromolla, Luca David
- Parro, Fernando
- Sforza, Alessandro
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2023
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