This paper uses the multiple variance ratio test procedure developed by Chow and Denning (1993) to test for a random walk of stock returns on the Vienna Stock Exchange. I find that with daily data the test rejects the random walk hypothesis at all conventional significance levels for each and...

Die Zahl der Arbeitskräfte aus den acht neuen EU-Ländern Estland, Lettland, Litauen, Polen, Tschechien, Slowakei, Slowenien und Ungarn in Österreich erhöhte sich in den ersten zwölf Monaten nach Gewährung der Freizügigkeit (Mai 2011 bis April 2012) um 29.493. Vor allem ins Burgenland und...

Cross-border commuters from EU15 countries have lower over- but higher undereducation rates than noncommuters. For cross-border commuters from the NMS12 countries the opposite applies. Within-country commuters have lower over- but higher undereducation rates than noncommuters in both regions.

Migration and Regional Convergence in the European Union European migration trends in the last decade have been marked by a number of spectacular changes. In the course of the recent enlargement immigration to some EU15 countries from the CEECs has become remarkable. Nevertheless, the vast...

The migration literature shows that cross-border skill transfer is associated with a risk of increased job-education mismatch. This paper examines whether the problems of job-education mismatch often found among migrants also apply to cross-border commuters and compares cross-border commuters to...

I analyse the skill and age structure of commuters in 14 EU countries. Theory implies that commuters can be either more or less able than stayers, but are always less able than migrants and that they are also always older than migrants but younger than stayers. Empirically all types of commuters...

We offer an empirical, econometric analysis of the impact of migration on the EU 27's NUTS-2 regions in the period 2000-2007. While our results indicate that migration had no statistical impact on regional unemployment in the EU it had a significant impact on both per-capita GDP and...

This project focuses on comparing the qualification structure of migrants residing in Austria as well as their over- and underqualification rates to other EU countries. The skill structure of foreign born residing in Austria has improved slightly in the last years. Austria is, however,...

The freedom of movement of persons is one of the core tenets of the European Union. Immigration however is often seen as a cause for concern amongst native workers, as rising labour supply may threaten jobs and create downward pressure on wages. National politicians are increasingly under...

This study is about the effects reforms have had on industry's dispersion in Russia. We use data on regional production by industry reaching from 1987 to 1993 to consider to what extent the division of labor among regions has changed during this time period. In particular we address three issues...