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 …