Based on the current European discussion about immigration policy, this paper gives an overview of central economic consequences of immigration for a host country?s labor market. The most important theoretical arguments are presented and evaluated against the available empirical evidence. The...

Based on the current European discussion about immigration policy, this paper gives an overview of central economic consequences of immigration for a host country=s labor market. The most important theoretical arguments are presented and evaluated against the available empirical evidence. The...

Central banks need to be concerned about wages since they are a major driver of inflation. Rising wages are needed to signal directions for market adjustments to ensure growth. Wage growth is driven by relative scarcity, labor productivity and expectations about inflation and future growth....

This paper sheds light on the labor market situation of ethnic minorities in the European Union. Facing a serious measurement challenge and lacking adequate data, we apply several measures of ethnicity and examine various data sources as well as secondary evidence. We find significant gaps...