Human Capital, Investment and Migration in an Integrated Europe

Michael Burda and Charles Wyplosz

No 614, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: The short- and longer-term regional consequences of migration for European aggregate supply are examined in a simple model in which human capital enters the production function externally. The planner chooses a reallocation of population across East and West that cannot be replicated by the market without taxes or subsidies. The market solution in this model with free migration is always associated with an efficiency loss and might lead to the `Mezzogiorno syndrome' in the East.

Keywords: Aggregate Supply; Eastern Europe; Investment; Migration (search for similar items in EconPapers)
JEL-codes: F22 J61 (search for similar items in EconPapers)
Date: 1991-12
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Journal Article: Human capital, investment and migration in an integrated Europe (1992)
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