The 2004 and 2007 enlargements of the EU extended the freedom of movement to workers from the twelve new member states …. Rather, there appear to have been positive effects on EU's productivity. The sending countries face some risks of losing … from brain gain and brain circulation in an enlarged EU. For the migrants the benefits in terms of better career prospects …

-enlargement migration flows following the EU's 2004 enlargement. We consider two baseline policy scenarios, with and without accession of … sending countries to the EU. Our results show that migration flows are driven by migration costs and economic conditions, but …

income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 48 per cent of the shock are … absorbed in the EU, compared to 34 per cent in the US. This cushioning of disposable income leads to a demand stabilization of … 23 to 32 per cent in the EU and 19 per cent in the US. There is large heterogeneity within the EU. Automatic stabilizers …

these transatlantic differences may be related to the different sectoral structures in the US and the EU, we differentiated …

mechanism can explain a considerable portion of the slowdown in productivity in the EU relative to the US since 1995 …

unemployment, which we calibrate on EU15 and US data. Labor market imperfections are found to significantly increase the volume of … (1950-2010). We show that a policy reform in one country also has an impact on labor markets in other countries when capital …