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Barriers to labor mobility across countries coexist with substantial differences in living standards largely attributable to productivity differences. A growth model with endogenous labor movements is used to assess the effects on output, capital accumulation and welfare of removing barriers to...
Persistent link: https://www.econbiz.de/10008522750
The coexistence of barriers to labor mobility with large output-per-worker disparities driven by Total Factor Productivity (TFP) differences suggests that the world's labor force is misallocated across countries. We investigate the extent and consequences of this potential misallocation in the...
Persistent link: https://www.econbiz.de/10005087000
Migration restrictions are pervasive and severe. Their worldwide enactment starting in the 1920's constituted a fundamental policy shift for a number of countries and for the world as whole. Yet, very little is currently known about the quantitative consequences of these barriers to labor...
Persistent link: https://www.econbiz.de/10005063583
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