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Migration and labour markets in OECD countries: a panel cointegration approach
Authors:O. Damette  V. Fromentin
Affiliation:1. Faculté de Sciences Economiques et de Gestion , Université Paris 12, Université Paris-Est Créteil (UPEC) , ERUDITE 61 Av. du Gal de Gaulle, 94010 Creteil , France Olivier.damette@univ-pec.fr;3. CEREFIGE , Université Nancy 2 , P?le Lorrain Gestion 13, rue Maréchal Ney, 54000 Nancy, France;4. CREA , Université du Luxembourg , Luxembourg
Abstract:This article examines the interaction between immigration and the host labour market of 14 Organization for Economic Co-operation and Development (OECD) countries using nonstationary panel data methodology. We estimate a trivariate Vector Error Correction Model (VECM) and derive causality tests to simultaneously assess the long- and short-term macroeconomic impact of newcomers on wages and unemployment levels in the host country. The results suggest that an increase of migrants is likely to increase wages in the destination countries in the short run but to increase them in the long run. There is no evidence of adverse effects on unemployment due to immigration in short and long-term except for Anglo-Saxon countries in the short term. Our findings also show that immigration is conditioned by levels of unemployment and wages especially in Anglo-Saxon countries.
Keywords:immigration  unemployment  cointegration  panel  causality
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