| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7188 |
| DP7188 Risky Arbitrage Strategies: Optimal Portfolio Choice and Economic Implications | |
| Henry Allan Timmermann; Jun Liu | |
| 发表日期 | 2009-03-01 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | The 2004 and 2007 enlargements of the European Union were unprecedented in a number of economic and policy aspects. This essay provides a broad and in-depth account of the effects of the post-enlargement migration flows on the receiving as well as sending countries in three broader areas: labour markets, welfare systems, and growth and competitiveness. Our analysis of the available literature and empirical evidence shows that (i) EU enlargement had a significant impact on migration flows from new to old member states, (ii) restrictions applied in some of the countries did not stop migrants from coming but changed the composition of the immigrants, (iii) any negative effects in the labour market on wages or employment are hard to detect, (iv) post-enlargement migration contributes to growth prospects of the EU, (v) these immigrants are strongly attached to the labour market, and (vi) they are quite unlikely to be among welfare recipients. These findings point out the difficulties that restrictions on the free movement of workers bring about. |
| 主题 | Labour Economics |
| 关键词 | Eu eastern enlargement Migration Free movement of workers Migration effects |
| URL | https://cepr.org/publications/dp7188 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536025 |
| 推荐引用方式 GB/T 7714 | Henry Allan Timmermann,Jun Liu. DP7188 Risky Arbitrage Strategies: Optimal Portfolio Choice and Economic Implications. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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