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

We appreciate the helpful comments of Mary Barth, Jannis Bischof, Matthias Breuer, Willem Buijink, Richard, Crowley, Scott Emett, Joachim Gassen, Chris Hansen, Alan Jagolinzer, Morris Kleiner, Michael Welker, Steve Zeff as well as workshop participants at Bristol University, University of Chicago, Colorado Summer Accounting Research Conference, Cornell University, EAA Annual Congress 2015, University of Exeter, Frankfurt School of Finance and Management, Global Issues in Accounting Conference 2014, IHW Halle, University of Illinois at Urbana-Champaign, Lancaster University, London Business School, University of Manchester, University of Paderborn, Queen’s University, Rice University, Erasmus University Rotterdam, Vienna University of Economics and Business, WHU, XI Workshop on Empirical Research in Financial Accounting and University of Zurich. This study is based on data from Eurostat, Labour Force Survey, 2002-2010. The responsibility for all conclusions drawn from the data lies entirely with the authors. We thank Marie Johann (DAAD) for kindly providing data on the Erasmus program. Christian Leuz gratefully acknowledges research funding provided by the Initiative on Global Markets (IGM) at the University of Chicago Booth School of Business. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

• January 22, 2015
• December 11, 2015