27
Jun 2016

14:15 - 15:45
IWH Research Seminar

The Effect of Regulatory Harmonization on Cross-border Labor Migration: Evidence from the Accounting Profession

The paper examines whether international regulatory harmonization increases cross-border labor migration.

Wer
Christian Leuz  (The University of Chicago Booth School of Business)
Wo
IWH conference room
Christian Leuz

Zur Person

Christian Leuz, Joseph Sondheimer Professor of International Economics, Finance and Accounting at the University of Chicago’s Booth School of Business.

The paper examines whether international regulatory harmonization increases cross-border labor migration. To study this question, we analyze European Union (EU) initiatives that harmonized accounting and auditing standards. Regulatory harmonization should reduce economic mobility barriers, essentially making it easier for accounting professionals to move across countries. Our research design compares the cross-border migration of accounting professionals relative to tightly-matched other professionals before and after regulatory harmonization. We find that international labor migration in the accounting profession increases significantly relative to other professions. We provide evidence that this effect is due to harmonization, rather than increases in the demand for accounting services during the implementation of the rule changes.

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