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Emigration and Brain Drain; Evidence From the Caribbean
Mishra, Prachi - International Monetary Fund (IMF) - 2006
This paper quantifies the magnitude and nature of migration flows from the Caribbean and estimates their costs and … migration rates are particularly striking for the highskilled. Many countries have lost more than 70 percent of their labor … in 2002. Simple welfare calculations suggest that the losses due to high-skill migration (ceteris paribus) outweigh the …
Persistent link: https://www.econbiz.de/10005248304
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Macroeconomics of Migration in New Member States
Bems, Rudolfs; Schellekens, Philip - International Monetary Fund (IMF) - 2008
This paper examines the macroeconomic impact of migration on income convergence in the EU's New Member States (NMS …
Persistent link: https://www.econbiz.de/10005825900
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Exchange Rates and Wages in an Integrated World
Spilimbergo, Antonio; Mishra, Prachi - International Monetary Fund (IMF) - 2009
We analyze how the pass-through from exchange rate to domestic wages depends on the degree of integration between domestic and foreign labor markets. Using data from 66 countries over the period 1981–2005, we find that the elasticity of domestic wages to real exchange rate is 0.1 after a...
Persistent link: https://www.econbiz.de/10005826292
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Do Workers' Remittances Promote Economic Growth?
Gapen, Michael T.; Chami, Ralph; Montiel, Peter; … - International Monetary Fund (IMF) - 2009
Over the past decades, workers' remittances have grown to become one of the largest sources of financial flows to developing countries, often dwarfing other widely-studied sources such as private capital and official aid flows. While it is undeniable that remittances have poverty-alleviating and...
Persistent link: https://www.econbiz.de/10008528660
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Shocking Aspects of Canadian Labor Markets
Sutton, Bennett; Bayoumi, Tamim; Swiston, Andrew - International Monetary Fund (IMF) - 2006
using macroeconomic data on employment, unemployment, participation, and (for Canada) migration and real wages. We find that … flexible, particularly with regard to migration, while those further east are less so. …
Persistent link: https://www.econbiz.de/10005599750
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Do Remittances to Latin America Dependon the U.S. Business Cycle?
Gradzka, Ewa; Roache, Shaun K. - International Monetary Fund (IMF) - 2007
We use a range of methods and remittance data from 1990 to 2007 to assess the strength and significance of linkages between remittance flows to Latin America and the U.S. business cycle. All of the evidence suggests that remittance flows are relatively insensitive to fluctuations in the U.S....
Persistent link: https://www.econbiz.de/10005605152
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Regional Labor Market Adjustments in the United States and Europe
Dao, Mai; Furceri, Davide; Loungani, Prakash - International Monetary Fund (IMF) - 2014
estimate the dynamic response of regional employment, unemployment, participation rates and net migration to state … decreased over time, suggesting less overall net migration in response to a regional shock, (ii) the role of the participation … rate as absorber of regional shocks has increased, (iii) the response of net migration to regional shocks is stronger …
Persistent link: https://www.econbiz.de/10010790322
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Unemployment and Structural Unemployment in the Baltics
Ebeke, Christian; Everaert, Greetje - International Monetary Fund (IMF) - 2014
While the unemployment rate in the Baltics has fallen sharply from its crisis-peaks, it remains close to double digits. This paper estimates the structural component of the jobless rate in the three Baltic countries and analyzes its causes. Our main findings are that the current still elevated...
Persistent link: https://www.econbiz.de/10010959461
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Labor Productivity and Real Exchange Rate; The Balassa-Samuelson Disconnect in the Former Yugoslav Republic of Macedonia
Loko, Boileau; Tuladhar, Anita - International Monetary Fund (IMF) - 2005
This paper seeks to investigate the transmission mechanisms linking productivity to the real exchange rate in the former Yugoslav Republic of Macedonia. At first glance, the stylized facts-low labor productivity growth and a trend real depreciation-suggest that a Balassa- Samuelson effect is in...
Persistent link: https://www.econbiz.de/10005248176
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Wage Flexibility in Turbulent Times; A Practitioner's Guide
International Monetary Fund (IMF); International … - 2005
This paper reviews several methods to measure wage flexibility, and their suitability for evaluating the extent of such flexibility during times of structural change, when wage distributions and wage curves can be particularly volatile. The paper uses nonparametric estimation to capture possible...
Persistent link: https://www.econbiz.de/10005248228