Empirical Analysis of the Effects of International Labor Migration in EU-27 Countries

Abstract

Abstract This research aims to provide a critical and comparative analysis of the effects induced by international labor migration in Europe, focusing on specific features and key factors that influence and shape the migration process in the context of the COVID-19 pandemic and geopolitical uncertainty. For conducting a comprehensive study on international labor migration among the member states of the European Union (EU-27), a cross-sectional database of specific migration, labor market, and economic welfare indicators was compiled at the level of 2021. These indicators were subjected to advanced econometric modeling embedding spatial and network analyses processed with the Stata 16 package and the JASP platform to obtain robust and valid results. Main findings of this study provide valuable insights into the evolution and impact of international labor migration, particularly in Romania and the European Union at large. This study serves as a benchmark for future migration strategies by exemplifying the specific characteristics of employees and jobs that will be required in the coming years, while also focusing on identifying the key skills and requirements of both native and migrant employees. Future trends are being analyzed by identifying the characteristics of the modern employee and the professions that will dominate the labor market in the coming years. This will help policymakers appraise migrants’ ability to secure employment in an ever-changing labor market.