@TechReport{iza:izadps:dp1027,
            	author={Schiff, Maurice},
            	title={Labor Mobility, Trade and Social Capital},
            	year={2004},
	month={Feb},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={1027},
            	url={https://www.iza.org/publications/dp1027},
	abstract={Labor market integration raises welfare in the absence of distortions. This paper examines
labor and goods market integration in a general equilibrium model with social capital. The
findings are: i) labor market integration has an ambiguous impact on welfare, and raises it if
the goods produced and the labor skills are sufficiently different; ii) compared to Pareto
optimum, labor mobility (social capital) is excessively large (depleted); iii) trade is superior to
labor market integration if trading costs are no higher than private migration costs; otherwise
the outcome is ambiguous; and iv) the creation of new institutions in response to labor
market integration has an ambiguous impact on welfare.},
	keywords={trade;social capital;labor market integration},
            }