Regional labor market adjustments in the united states and europe prepared by mai dao davide furceri prakash loungani 1 authorized for distribution by prakash loungani. Convergence of the regional labour market adjustment process in europe and the united states secondly when comparing europe and the united states decressin and fatas 1995 did not make a distinction between regional labour market adjustment within countries and between coun. Adjustments in the period 2010 13 and firms reactions to the labour market reforms which took place over this period in eu member states for this purpose in 2014 the network launched an ad hoc. Labour market adjustments and migration 3 the following findings are worth highlighting first looking at the full sample we find that both in europe and the us labour mobility accounts for about 50 of the long run. In europe labour mobility is a less important adjustment mechanism in response to country specific labour demand shocks that cause stronger and more persistent reactions of the employment and the participation rate
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