Macroeconomics of Migration in New Member States

38 Pages Posted: 18 Dec 2008

See all articles by Rudolfs Bems

Rudolfs Bems

International Monetary Fund (IMF); European Central Bank (ECB)

Philip Schellekens

International Monetary Fund (IMF)

Date Written: December 2008

Abstract

This 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.

Keywords: Migration, Labor mobility, European Economic and Monetary Union, Wages, Capital flows, Economic growth, Income

Suggested Citation

Bems, Rudolfs and Schellekens, Philip, Macroeconomics of Migration in New Member States (December 2008). IMF Working Paper No. 08/264, Available at SSRN: https://ssrn.com/abstract=1316732

Rudolfs Bems (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Philip Schellekens

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

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