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Global Migration Revisited : Short-Term Pains, Long-Term Gains, and the Potential of South-South Migration
- Publication Year :
- 2016
- Publisher :
- World Bank, Washington, DC, 2016.
-
Abstract
- This paper re-examines the development implications of international migration focusing on two issues: how the costs and benefits of migration change over time, and the significance of South-South migration for development. First, the analysis finds that although greater migration could push down the wages of native workers of advanced countries in the short run, these wages eventually recover. This pattern would be mostly caused by the beneficial effect of additional labor on the real returns on capital and fostering faster capital formation. Additional South-North migration could favor capital income recipients and reduces labor income in host regions in the short run. In contrast, in sending countries, capital owners could experience lower incomes while wages rise. Globally, the welfare gains of new migrants could be expected to exceed the losses of old migrants by a wide margin. The remaining natives in sending countries could enjoy a net increase in remittances as well as an increase in labor income, although income from capital might decline. Second, in a hypothetical scenario with lower South-South migration, the implied losses of remittance income could lead to substantially lower welfare in developing countries. Although the wage differentials among developing countries tend to be smaller relative to their wage differentials with high-income countries, South-South migrants make substantial contributions to remittances.
- Subjects :
- TRADE LIBERALIZATION
AGE POPULATIONS
ECONOMIC PERFORMANCE
REAL INCOME
INVESTMENT
MIGRANT
GENERAL EQUILIBRIUM
VALUE ADDED
ECONOMIC GROWTH
BRAIN DRAIN
IMMIGRANTS
SKILL LEVEL
LABOR MIGRATION
ELASTICITY OF SUBSTITUTION
CONSEQUENCES OF MIGRATION
POTENTIAL OUTPUT
EXTERNALITIES
EMPLOYMENT
WAGE DIFFERENTIALS
MONITORING
POPULATION
MIGRANTS
UNEMPLOYMENT
INCOME
PRODUCTIVITY
MIGRANT-SENDING COUNTRIES
RESOURCE ALLOCATION
LABOR PRODUCTIVITY
WORLD POPULATION
STOCK
INCENTIVES
MIGRATION POLICIES
GOODS
POPULATIONS
INTERNATIONAL MIGRANT
NATIONAL ORIGIN
SKILLED WORKERS
ORGANIZATIONS
LABOR SUPPLY
AVERAGE PRODUCTIVITY
MIGRANT WORKERS
POLICY DISCUSSIONS
DEVELOPMENT ECONOMICS
REMITTANCE
MARKETS
POPULATION FACTS
PUBLIC SERVICES
LOW-INCOME COUNTRIES
GROWTH PROJECTIONS
REAL WAGES
ECONOMIC COSTS
DEVELOPMENT
PRICES
MIGRANT LABOR
WAGES
TRANSFERS
PURCHASING POWER
SOCIAL AFFAIRS
WELFARE
PROGRESS
PRODUCTION
POPULATION DECLINE
CONSUMPTION LEVELS
NATURAL RESOURCE
ELASTICITY
SKILLED MIGRANTS
INFLUENCE
GDP PER CAPITA
THEORY
COUNTRY OF ORIGIN
DEVELOPMENT POLICY
TRENDS
MARGINAL PRODUCTIVITY
TRADE
EQUILIBRIUM
LABOR DEMAND
SUPPLY
LABOR MOBILITY
PAYMENTS
NATIVE WORKERS
IMPERFECT SUBSTITUTES
AGRICULTURE
DEMAND
DEMOGRAPHIC CHANGE
ECONOMIC INTEGRATION
GDP
HOST COUNTRIES
LABOUR
WAGE RATES
DEVELOPMENT GOALS
INTERNATIONAL MOVEMENTS
CAPITAL
POLITICAL ECONOMY
ACCOUNTING
HUMAN DEVELOPMENT
ECONOMIC IMPLICATIONS
WORKING- AGE POPULATIONS
VALUE
SECURITY
MIGRANT POPULATIONS
REMITTANCES
UNSKILLED LABOR
PURCHASING POWER PARITY
POLICIES
BENCHMARK
FUTURE GROWTH
POLICY
HOST COUNTRY
ECONOMIC PROJECTIONS
HUMAN CAPITAL
EFFECTS
BENEFITS OF MIGRATION
EFFICIENCY
BILATERAL TRADE
REGIONAL AGGREGATION
MIGRATION
WORKING-AGE POPULATIONS
BENCHMARK DATA
HOUSEHOLD INCOME
LABOR FORCES
RETURN MIGRATION
SKILLED LABOR
POLICY RESEARCH
DEVELOPING COUNTRIES
REAL GDP
INTERNATIONAL MIGRATION
UNSKILLED WORKERS
KNOWLEDGE
POLICY RESEARCH WORKING PAPER
LABOR
LABOR MARKETS
WORKFORCE
MIGRATION FLOWS
ECONOMIC ANALYSIS
ECONOMICS
WAGE INCREASES
INTERNATIONAL MIGRANTS
INPUTS
LABOR EFFICIENCY
INDUSTRIAL RELATIONS
GLOBAL DEVELOPMENT
LABOR FORCE
IMMIGRATION
WORKING-AGE POPULATION
Subjects
Details
- Language :
- English
- Database :
- OpenAIRE
- Accession number :
- edsair.od......2456..d00719cf008848d4d14a5210321e76c1