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연구정보

[경제] Migration and Redistribution: Federal Governance of an Economic Union Matters

중동부유럽 일반 국외연구자료 연구보고서 - NBER 발간일 : 2021-03-23 등록일 : 2021-04-10 원문링크

Both the U.S. and the EU are an economic union: There is a single market for goods, capital, finance, and labor. That is, there is free mobility of goods and services, physical and financial capital, and labor among the member countries of the union. Nevertheless, there is much higher degree of economic policy coordination among the member states of the U.S than of the EU. We argue, by using a model of a union exhibiting migration-based fiscal externality, that the degree of coordination among the member states potentially contribute a great deal to our understanding of observed policy differences between the EU and the US as economic unions: the generosity of the welfare state and the skill composition of migration.

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