INTERNATIONAL MIGRATION AND LABOUR MARKET IMPACTS

The research aims to identify and analyse the impact of labour emigration on labour markets within the European Union. The analysis is based on developing double-log macroeconometric models that combine cross-section and time series in a panel structure, by using a set of indicators specific for the emigration process and labour market, as main explanatory variables. The results show that an intense emigration process has extremely negative effects on the size and structure of the labour force, generating its significant reduction, especially regarding the highly skilled labour. At the same time, we identified a relaxation of the labour market pressures generated by high unemployment, through a downsize of this rate and a slight increase in employment, mainly due to a general improvement of the local employment opportunities.