The CEPII Newsletter       
December 2016        



The French edition is slightly different as it also includes material available in French only  

Europe Monnaie & Finance Trade & Globalization Migrations Economic Policy Emerging Economies Competitivness & Growth Environment & Natural Ressources
  Focus

How labor market disparities between EU15 countries affected intra-European migration

The question of whether migration can serve as a channel for regional adjustment to asymmetric shocks is crucial in an economic and monetary union. It is of particular interest within the Eurozone where countries do not have flexible exchange rates as an adjustment mechanism. By moving from countries with high unemployment to countries with better employment prospects, intra-European migrants should help countries to adjust to asymmetric shocks and lead to a more efficient allocation of resources within the free migration regime.
Xavier Chojnicki, Anthony Edo & Lionel Ragot
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  Databases

Comptes Harmonisés sur les Echanges et L’Economie Mondiale (CHELEM)

Harmonized data on trade, BOP and GDP. Update of trade and exchange rates (year 2015)
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  Facts & Figures


6.5%



This is the productivity premium of French manufacturing firms located in an employment area denser than the median. Agglomeration economies are the main drivers of such premium, since in denser areas resources are found to be more efficiently reallocated from low to high productive firms and assortative matching between employers and employees is easier due to a thicker labour market.

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ISSN: 1255-7072
Editorial Director : Sébastien Jean
Managing Editor : Dominique Pianelli