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intensive investment) and labor thinning (net out-migration). I propose a constant-returns neoclassical model of economic …
Persistent link: https://www.econbiz.de/10005755134
The debate on the risks and benefits of the globalisation of international capital markets has focused on the volume and the volatility of the main capital flows — foreign direct investment (FDI), portfolio investment, and foreign bank lending. Financial transfers in the form of worker...
Persistent link: https://www.econbiz.de/10005755227
This paper presents a methodology to identify net demand shocks as well as wage rigidities in heterogeneous labor markets on the basis of nonparametric regression. We show how this approach can be used to make suggestions for immigration policy in economies with labor market rigidities. In an...
Persistent link: https://www.econbiz.de/10005097796
This paper investigates the wage convergence between East German workers and their West German counterparts after reunification. Our research is based on a comparison of three groups of workers defined as stayers, migrants and commuters to West Germany, who lived in East Germany in 1989, with...
Persistent link: https://www.econbiz.de/10005097867
This paper employs a wage-setting approach to analyze the labor market effects of immigration into Germany. The wage-setting framework relies on the assumption that wages tend to decline with the unemployment rate, albeit imperfectly. This enables us to consider labor market rigidities, which...
Persistent link: https://www.econbiz.de/10005700587
This paper develops a model of the circumstances under which it is beneficial to participate in a currency area. The proposed two-country monetary model of trade with nominal rigidities encompasses the real and monetary arguments suggested by the optimum currency area literature: correlation of...
Persistent link: https://www.econbiz.de/10005083391
The flight and expulsion of Germans from Eastern Europe during and after World War II constitutes one of the largest forced population movements in history. We analyze the economic integration of these forced migrants and their offspring in West Germany. The empirical results suggest that even a...
Persistent link: https://www.econbiz.de/10009216279
This paper examines the determinants of gross labour flows in a context where modeling the migration decision as a wage …
Persistent link: https://www.econbiz.de/10009646606
This paper studies the employment effects of the influx of millions of German expellees to West Germany after World War II. The expellees were forced to relocate to post-war Germany. They represented a complete cross-section of society, were close substitutes to the native West German...
Persistent link: https://www.econbiz.de/10009276115
argue that migration pressure combined with informal migration patterns and incomplete information are the key determinants …, Moldova, Romania, and Ukraine. The main result is in line with our expectations: Migrant families in high migration areas and … indicate that illegal migration increases trafficking risks and that awareness campaigns and a reduction of information …
Persistent link: https://www.econbiz.de/10005755119