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  • Labor migration can help dissipate asymmetric shocks within a currency union. However, if workers are complementary in production, heterogeneity in their geographic mobility may thwart the shock absorption capacity of integrated labor markets on adversely affected countries. We document a higher mobility of more educated Europeans, and develop a dynamic equilibrium model in which workers differ in skill and in their preference for migration. We calibrate this model to European data and find that following a negative shock to a country's productivity or demand integrated labor markets improve outcomes for high skilled workers, whereas low skilled workers in the affected (emigration) country see a slightly stronger loss in wages and welfare than if migration was prohibited. We show that fiscal integration in form of a European unemployment insurance primarily benefits low skilled workers, but can be welfare improving for all countries involved. (xsd:string)
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  • (SILC) (xsd:string)
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  • EU-SILC-Bibliography (xsd:string)
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  • 2023 (xsd:gyear)
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  • 2023 (xsd:gyear)
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  • 1 (xsd:string)
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  • englisch (xsd:string)
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  • Asymmetric Shocks and Heterogeneous Worker Mobility in the Euro Zone (xsd:string)
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  • inproceedings (xsd:string)
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?:sourceCollection
  • CEPR-Bank of Italy Workshop: Labour Market Policies and Institutions (xsd:string)
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  • Bibsonomy (xsd:string)
  • In CEPR-Bank of Italy Workshop: Labour Market Policies and Institutions, 1-54, 2023 (xsd:string)
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  • 18.09.2023-19-09.2023 (xsd:gyear)
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  • European Union Statistics on Income and Living Conditions (EU-SILC) (xsd:string)
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  • 2023 (xsd:string)
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  • SILC (xsd:string)
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  • 54 (xsd:string)
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