The question of whether migration can be an equilibrating force in the labour market is an important criterion for an … new light on this question by comparing pre- and post-crisis migration movements at the regional level in both Europe and … the United States, and their association with asymmetric labour market shocks. We find that recent migration flows have …

The question of whether migration can be an equilibrating force in the labour market is an important criterion for an … new light on this question by comparing pre- and post-crisis migration movements at the regional level in both Europe and … the United States, and their association with asymmetric labour market shocks. We find that recent migration flows have …

different levels of migration frictions. We bring the model to the data for the whole world economy at a 1º times 1º geographic … resolution. We then use the model to quantify the gains from relaxing migration restrictions as well as to describe the evolution … of the distribution of economic activity in the different migration scenarios. Our results indicate that fully …

affects the spatial distribution of economic activity, trade, migration, growth, and welfare. We assess quantitatively the … impact of migration and trade restrictions, energy taxes, and innovation subsidies. …