Labour Market Integration and Innovation: The Implications on Consumers

Abstract

Abstract:We show the effects of labour market integration on consumers. Labour market integration allows the firms in the labour recipient countries to hire skilled and unskilled workers at lower wages. If labour market integration creates the possibility of migration of skilled workers, it increases investments in innovation and benefits the consumers. However, if labour market integration creates the possibility of migration of unskilled workers, it neither increases investment in innovation nor benefits the consumers always. Our results suggest that the effects of labour market integration on the consumers depend on several factors such as the market size, differences in the labour coefficients and wage and the type of migrated workers (i.e., skilled or unskilled workers).

Nitelikli işgücü sorunu üzerine çalışma

“…(2016) kurumsal rekabet gücü bir dizi faktör tarafından tanımlanmaktadır ve son yıllarda insan faktörü kurumsal verimlilik açısından hayati önem taşımaktadır. Gelişmiş iş gücü potansiyeli, üretimi artırmak, verimlilik ve üretim kalitesi açısından kilit bir unsur oluşturmaktadır (Chowdhury and Mukherjee, 2015). Güçlü bir sanayi ve verimli bir ekonomi için, nitelikli işgücü gerekli olup, planlanmış bir mesleki ve teknik eğitim, nitelikli işgücünü mümkün kılmaktadır.…”

Migration policies and international labour market competition

“…Chowdhury (2014) analyses the optimal policies of the host and source countries when labour markets are integrated. Chowdhury and Mukherjee (2015) analyses how labour market integration affects the welfare of consumers through increased research and development. The main aim of the current paper, on the other hand, is to analyse the optimal policy of the host country when source countries compete with each other for the share of international labour market through government managed programmes.…”

Economic integration across Latin America: Evidence from labour markets, 1990–2013

“…The second reason why labour market integration matters is that the lack of labour market integration may suggest a lack of allocative efficiency (Caruana-Galizia, 2015;Chowdhury & Mukherjee, 2016). One of the goals of international economic integration is to take advantage of differences in prices across borders.…”