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Sanctions and Their Effects on the Labor Market and the Economy

Author

Listed:
  • Zareei, Afsaneh

    (Ferdowsi University of Mashhad)

  • Wadensjö, Eskil

    (Stockholm University)

Abstract

Sanctions have a long history dating several centuries. There has been a significant increase of sanctions after World War II. Those against Iran and Russia are at present in focus for the discussion of sanctions, but also other countries as Cuba and North Korea are sanctioned. There are several different forms of sanctions as for example those on trade, financial and travel and there are also sanctions directed on individuals. The sanctions imposed multilaterally have most effects and have increased significantly. Sanctions have several effects for the countries being sanctioned. There are for example effects of sanctions on economic development, foreign investments, trade flows, employment, wages and emigration (brain drain).

Suggested Citation

  • Zareei, Afsaneh & Wadensjö, Eskil, 2024. "Sanctions and Their Effects on the Labor Market and the Economy," IZA Discussion Papers 17467, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp17467
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    References listed on IDEAS

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    More about this item

    Keywords

    international sanctions; emigration; employment; Iran; Russia; North Korea;
    All these keywords.

    JEL classification:

    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers

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