Labour Mobility – An Adjustment Mechanism in Euroland? : Empirical Evidence for Western Germany, France, and Italy

Puhani, Patrick A.

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URL:	http://ub-madoc.bib.uni-mannheim.de/596
URN:	urn:nbn:de:bsz:180-madoc-5966
Document Type:	Working paper
Year of publication:	1999
The title of a journal, publication series:	None
Publication language:	English
Institution:	Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series:	Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject:	330 Economics
Classification:	JEL: P52 E66 J61 ,
Subject headings (SWD):	Deutschland <Westliche Länder> , Italien , Frankreich , Euro <Währung> , Europäische Union / Währungsunion
Abstract:	The purpose of this paper is to evaluate whether labour mobility is likely to act as a sufficient adjustment mechanism in the face of asymmetric shocks in Euroland. To this end, we estimate the elasticity of migration with respect to changes in unemployment and income on the basis of regional panel data provided by Eurostat, the statistical office of the European Union. Regression results are provided for Western Germany, France, and Italy. It is shown that labour mobility is highest in Germany, followed by France, and Italy. However, even in Germany, the accommodation of a shock to unemployment by migration takes several years. We conclude that labour mobility is extremely unlikely to act as a sufficient adjustment mechanism to asymmetric shocks in Euroland.
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