Similar Search Results

Stranded! : how rising inequality suppressed US migration and hurt those “left behind”

Bayoumi, Tamim A.; Barkema, Jelle - 2019

Using bilateral data on migration across US metro areas, we find strong evidence that increasing house price and income inequality has reduced long distance migration, the type most linked to jobs. For those migrating uphill, from a less to a more prosperous location, lower mobility is driven by...

Persistent link: https://www.econbiz.de/10012022044

Are remittances good for labor markets in LICs, MICs and fragile states? : evidence from cross-country data

Chami, Ralph; Ernst, Ekkehard; Fullenkamp, Connel; … - 2018

We present cross-country evidence on the impact of remittances on labor market outcomes. Remittances appear to have a … in size than those of foreign direct investment or offcial development aid. On the supply side, remittances reduce labor … significantly different sensitivities to remittances. On the demand side, remittances reduce overall unemployment but benefit mostly …

Persistent link: https://www.econbiz.de/10011852562

Tax Burden and Migration : A Political Economy Perspective

Tsadḳah, Efrayim - 1997

The extent of taxation and redistribution policy is generally determined at a political-economy equilibrium by a balance between those who gain and those who lose from a more extensive tax-transfer policy. In a stylized model of migration and human capital formation, we find, somewhat against...

Persistent link: https://www.econbiz.de/10014403302

Workers' Remittances and the Equilibrium Real Exchange Rate : Theory and Evidence

Chami, Ralph - 2010

This paper investigates the impact of workers’ remittances on equilibrium real exchange rates (ERER) in recipient … remittances; the share of consumption in tradables; and the sensitivity of a country’s risk premium to remittance flows. Panel …

Persistent link: https://www.econbiz.de/10014402929

The macroeconomic costs of conflict

Novta, Natalija; Pugacheva, Evgenia - 2020

Macroeconomic costs of conflict are generally very large, with GDP per capita about 28 percent lower ten years after conflict onset. This is overwhelmingly driven by private consumption, which falls by 25 percent ten years after conflict onset. Conflict is also associated with dramatic declines...

Persistent link: https://www.econbiz.de/10012252077

Global Aging and Fiscal Policy with International Labor Mobility : A Political Economy Perspective

Tosun, Mehmet Serkan - 2005

This paper uses an overlapping generations model with international labor mobility and a politically responsive fiscal policy to examine aging in developed and developing regions. Migrant workers change the political structure composed of young and elderly voters in both labor-receiving and...

Persistent link: https://www.econbiz.de/10014400088

Exchange Rates and Wages in an Integrated World

Spilimbergo, Antonio - 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 year...

Persistent link: https://www.econbiz.de/10014403912

The Gains From International Monetary Cooperation Revisited

Tchakarov, Ivan - 2004

This paper examines the issue of whether countries can improve their welfare by coordinating macroeconomic policies. The main purpose is to compute the gains from international monetary cooperation as the difference between the steady state consumption levels associated with the Nash and the...

Persistent link: https://www.econbiz.de/10014404054

Remittances in Russia and Caucasus and Central Asia : the gravity model

Poghosyan, Tigran - 2020

language, fit remittance flows well. Remittances also react to inflation and exchange rate movements in recipient countries to … sustain their purchasing power. In line with the altruism hypothesis, remittances flow to countries with higher age dependency … ratio. Remittances are countercyclical and help stabilize outputs in recipient countries. However, global shocks resulting …

Persistent link: https://www.econbiz.de/10012299334

The Global Financial Crisis and Workers' Remittances to Africa : What's the Damage?

Chami, Ralph - 2010

Using data on the distribution of migrants from Africa, GDP growth forecasts for host countries, and after estimating remittance multipliers in recipient countries, this paper estimates the impact of the global economic crisis on African GDP via the remittance channel during 2009-2010. It...

Persistent link: https://www.econbiz.de/10014404337