Investment opportunities and labor mobility: Evidence from Europe

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-05-16 DOI:10.1016/j.frl.2025.107570

Stanley Peterburgsky

引用次数: 0

Abstract

We study the relationship between country-level investment opportunities and international labor mobility in Europe. Based on a gravity model analogous to those frequently utilized in the international trade literature, we find that (1) migration is not sensitive to investment opportunities at home and (2) individuals who migrate are more likely to move to countries with higher investment opportunities. As such, country-level investment opportunities appear to cause a reallocation of human capital supply internationally. The results are largely robust to alternative proxies for investment opportunities and to delays in labor market adjustment. Our findings should be of interest to corporations seeking talent and policy makers responsible for immigration regulations.

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投资机会与劳动力流动：来自欧洲的证据

我们研究了欧洲国家层面的投资机会和国际劳动力流动之间的关系。基于类似于国际贸易文献中经常使用的重力模型，我们发现：(1)移民对国内投资机会不敏感；(2)移民的个人更有可能迁移到投资机会更高的国家。因此，国家一级的投资机会似乎引起了国际人力资本供应的重新分配。对于投资机会的替代指标和劳动力市场调整的延迟，这些结果在很大程度上是稳健的。我们的研究结果应该会引起寻求人才的公司和负责移民法规的政策制定者的兴趣。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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