The impact of the influx of Ukrainian refugees on the euro area labour force

Vasco Botelho

Economic Bulletin Boxes, 2022, vol. 4

Abstract: The influx of Ukrainian refugees is expected to lead to a gradual increase in the size of the euro area labour force. Back-of-an-envelope median estimates suggest that the influx of Ukrainian refugees could boost the euro area labour force by between 0.2% and 0.8% in the medium term, depending on the duration and the severity of the war. This would result in the labour force gaining between 0.3 and 1.3 million additional workers. However, labour market rigidities and other labour market frictions may slow down the integration process, with the result that Ukrainian refugees are likely to enter the labour force very gradually. JEL Classification: E24, J15, J21, J61

Keywords: immigration; labour force; refugees; Ukraine (search for similar items in EconPapers)
Date: 2022-06
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