Open Economies, Insider Power and International Migration

Agiomirgianakis, George

doi:10.11130/jei.1999.14.1.1

Cited by 6 publications

(1 citation statement)

References 33 publications

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“…Before proceeding, it is worthwhile to consider two possible extensions of this framework. 6 First, the heterogeneity of migration costs is a crucial ingredient in models explaining migration flows (Agiomirgianakis, 1999;Carrington et al, 1996). By analogy, it can be assumed in the present model that migrants are heterogeneous with respect to the probability of return migration.…”

Section: L Figure 1 Migration Policy and Sectoral Segregationmentioning

confidence: 99%

Migration Policy in a Small Open Economy with a Dual Labor Market

Müller

2003

Rev International Economics

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The paper uses a two-sector efficiency-wage model to analyze the consequences of immigration for a small open economy with a dual labor market. Immigrants are characterized by an (exogenous) return probability. Legal regulations impose preferential hiring of natives or "old" immigrants. As a result, there is sectoral segregation between natives and immigrants, leading to discrimination of the type "equal pay for equal work, but unequal work." In the short run (with sector-specific capital), immigration has a positive first-order impact on natives' welfare if migration policy favors segregation through high return rates or restrictive hiring practices ("guest-worker" system). In the long run, its effect is only determined by factor intensities (2 ¥ 2 model). Finally, the improved integration of migrants yields efficiency gains and improves aggregate welfare of all residents.

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Section: L Figure 1 Migration Policy and Sectoral Segregationmentioning

confidence: 99%

Migration Policy in a Small Open Economy with a Dual Labor Market

Müller

2003

Rev International Economics

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Some new evidence on exchange rates, capital controls and European Union financial integration

Holmes

2001

International Review of Economics & Finance

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Cross-border banking and transmission mechanisms in Europe: evidence from German data

Buch¹

2004

Applied Financial Economics

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International activities of commercial banks play a potential role for the transmission of shocks across countries. This paper presents stylized facts of the integration of European banking markets and analyses the potential of banks to transmit shocks across countries. Although the openness of banking systems has increased, bilateral financial linkages among EU countries are relatively small. The exceptions are claims of German banks on a number of smaller countries. These data are used for an analysis of the determinants of cross-border lending patterns.

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Open Economies, Insider Power and International Migration

Abstract: In this paper we incorporate the possibility of international migration of Labour (IML)

Cited by 6 publications

References 33 publications

Migration Policy in a Small Open Economy with a Dual Labor Market

Migration Policy in a Small Open Economy with a Dual Labor Market

Some new evidence on exchange rates, capital controls and European Union financial integration

Cross-border banking and transmission mechanisms in Europe: evidence from German data

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