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Emigration in the Eurozone's Periphery

Apr 3, 2012 | 12:42 GMT
Spanish student protesters in Madrid on March 29
Spanish student protesters in Madrid on March 29.
DANI POZO/AFP/Getty Images

In the short term, emigration offers some relief to social tensions generated by rising unemployment. As unemployed workers leave the country, labor supply decreases. Moreover, the emigration of unemployed people reduces short-term government spending on social programs....

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