Convergence in an Open Labour Market
This paper looks at how the Irish experience of integration has affected the labour market, bringing about convergence in labour costs between Ireland and the UK. A model of this process is developed and estimated which takes account of the fact that productive capacity and output are mobile within the EC economy and that integration affects the supply of labour through the potential for migration and changing expectations. The results indicate that changes In tax in the UK can affect the Irish labour market.
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- Callan, Tim & FitzGerald, John, 1989. "Price Determination in Ireland: Effects of Changes in Exchange Rates and Exchange Rate Regimes," Papers ME179, Economic and Social Research Institute (ESRI).
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- Pain, Nigel, 1993. "An Econometric Analysis of Foreign Direct Investment in the United Kingdom," Scottish Journal of Political Economy, Scottish Economic Society, vol. 40(1), pages 1-23, February.
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- O'Rourke, K., 1990. "International Migration and Wage rates in Twentieth Century Ireland," Papers fb-_90-18, Columbia - Graduate School of Business.
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