Interrelationships between Human Capital, Migration and Labour Markets in the Western Balkans: An Econometric Investigation
By: Landesmann, Michael.
Contributor(s): Mara, Isilda.
Material type:
BookSeries: wiiw Working Papers: 196Publisher: Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2021Description: 42 S., 7 Tables and 8 Figures, 30cm.Subject(s): Migration | Labour Markets | Southeast Europe | Balkans | pVAR modelling | European integrationCountries covered: Albania | Bosnia and Herzegovina | European Union | Montenegro | North Macedonia | SEE | Serbia | Western Balkanswiiw Research Areas: Labour, Migration and Income DistributionClassification: F22 | J60 | J61 | O15 | C32 | C13 | P20 | P27 Online resources: Click here to access online Summary: The high outward mobility that has characterised the countries in the Western Balkan (WB) region over the past three decades is often seen as tightly linked to severe labour market imbalances and persistently low utilisation of human capital over time. To shed light on these issues, we estimate a system of equations that accounts for the effects of labour market determinants and human capital on migration and vice versa. The period under analysis is 2005-2019 and considers mobility from five of the WB countries to the EU15. The empirical results confirm the importance of wage gaps and their changes as an important pull factor for driving outward mobility from the WB region that can be persistent over time. Also, gaps in human capital emerge as a powerful determinant for explaining mobility into countries where returns on human capital are higher.
| Item type | Current library | Call number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|
| Paper | WIIW Library | 5.700/196 (Browse shelf(Opens below)) | Available | 1000010005694 |
The high outward mobility that has characterised the countries in the Western Balkan (WB) region over the past three decades is often seen as tightly linked to severe labour market imbalances and persistently low utilisation of human capital over time. To shed light on these issues, we estimate a system of equations that accounts for the effects of labour market determinants and human capital on migration and vice versa. The period under analysis is 2005-2019 and considers mobility from five of the WB countries to the EU15. The empirical results confirm the importance of wage gaps and their changes as an important pull factor for driving outward mobility from the WB region that can be persistent over time. Also, gaps in human capital emerge as a powerful determinant for explaining mobility into countries where returns on human capital are higher.
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