@techreport{Puhani1999Labour,
abstract = {The purpose of this paper is to evaluate whether labour mobility is likely to act as a sufficient
adjustment mechanism in the face of asymmetric shocks in Euroland. To this end, we
estimate the elasticity of migration with respect to changes in unemployment and income on
the basis of regional panel data provided by Eurostat, the statistical office of the European
Union. Regression results are provided for Western Germany, France, and Italy. It is shown
that labour mobility is highest in Germany, followed by France, and Italy. However, even in
Germany, the accommodation of a shock to unemployment by migration takes several
years. We conclude that labour mobility is extremely unlikely to act as a sufficient adjustment
mechanism to asymmetric shocks in Euroland.},
author = {Patrick A. Puhani},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {E66; P52; J61; 330; European Monetary Union (EMU); euro; labour mobility; Europ\"{a}ische Wirtschafts- und W\"{a}hrungsunion; Schock; Wirtschaftliche Anpassung; Arbeitsmobilit\"{a}t; Sch\"{a}tzung; Deutschland; Frankreich; Italien},
language = {eng},
number = {34},
title = {Labour Mobility - An Adjustment Mechanism in Euroland?},
type = {IZA Discussion paper series},
url = {http://hdl.handle.net/10419/20873},
year = {1999}
}
