Labour mobility and labour market adjustment in the EU

Artikel

This paper assesses the role of labour mobility in the adjustment to asymmetric economic shocks in the EU. After presenting a series of stylised facts of mobility in the EU, it assesses mobility as a channel of economic adjustment by means of a vector autoregression (VAR) analysis in the vein of Blanchard and Katz (BPEA 1:1-75, 1992). Results indicate that, over the period 1970-2013, mobility absorbed about a quarter of an asymmetric shock within 1 year. Movements in response to shocks have almost doubled since the introduction of the euro. In contrast to previous papers on the labour market adjustment in the EU, the response of wages is integrated to the analysis. It is found that real wages have also become more responsive to asymmetric shocks.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: IZA Journal of Migration ; ISSN: 2193-9039 ; Volume: 5 ; Year: 2016 ; Issue: 21 ; Pages: 1-21 ; Heidelberg: Springer

Classification and Topics

• Classification: Wirtschaft ; Geographic Labor Mobility; Immigrant Workers ; Unemployment: Models, Duration, Incidence, and Job Search
• Subject: Labour mobility ; Geographic mobility ; Migration ; Adjustment ; Asymmetric shocks ; Optimal currency areas ; European Union

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Arpaia, Alfonso ; Kiss, Aron ; Palvolgyi, Balazs ; Turrini, Alessandro
• Event: Veröffentlichung
• (who): Springer
• (where): Heidelberg
• (when): 2016

Further information

• DOI: doi:10.1186/s40176-016-0069-8
• Handle: http://hdl.handle.net/10419/169286
• Last update: 10.03.2025, 11:42 AM CET