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Reversal of migration flows : a fresh look at the German reunification

BP2-STS

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    14.09.2016

59

Capital formation
German reunification
Housing services
Labor market integration
Reverse migration
English We investigate the dynamic effects of interregional labor market integration on migration flows, capital formation, and the price for housing services. The co-evolution of these variables depends on initial conditions at the time of labor market integration. In an initially capital-poor economy, there may be a reversal of migration flows during the transition to the steady state, while housing costs are increasing over time. Although capital may accumulate while labor emigrates early in the transition, the causal effect of immigration on capital investments and housing costs is positive. We present new data on the evolution of net migration flows and rental rates for housing in East Germany after 1990. Our results are consistent with the presented evidence in the reverse migration scenario.
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Faculty
Faculté des sciences économiques et sociales et du management
Language
  • English
Classification
Economics
Series statement
  • Working Papers SES ; 474
License
License undefined
Identifiers
  • RERO DOC 277462
  • RERO R008511995
Persistent URL
https://folia.unifr.ch/unifr/documents/304988
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