The Impact of International Migration on Inclusive Growth: A Review
IMF Working Papers, March 19, 2021
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- The Impact of International Migration on Inclusive Growth: A Review
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Bibliographic details
- Authors: Zsoka Koczan, Magali Pinat, Dmitriy L Rozhkov
- Published: March 19, 2021
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781513571966.001
Summary
- International migration is an important channel of material improvement for individuals and their offspring.
- Movement from less developed to richer countries has substantial multidimensional impacts:
- Raises migrants' income through higher productivity in the destination country.
- Increases expected income for migrants' offspring.
- Affects destination countries via labor markets, productivity, innovation, demographic structure, fiscal balance, and criminality.
- Affects origin countries via potential loss of human capital, remittances, and increased international connections (trade, FDI, technological transfers).
- The paper surveys how migration affects growth and inequality through impacts on migrants, destination countries, and origin countries.
Impacts on Migrants
- Higher income for migrants due to higher productivity in destination countries.
- Increased expected income for migrants' offspring.
Impacts on Destination Countries
- Labor market effects (including wage and employment implications).
- Productivity and innovation effects.
- Demographic-structure effects.
- Fiscal-balance effects.
- Criminality-related effects.
Impacts on Origin Countries
- Possible loss of human capital.
- Flows of remittances.
- Increased international connections: trade, FDI, and technological transfers.
Subject Areas and Keywords
- Subject: Balance of payments, Economic sectors, Financial crises, Income, Labor, Labor markets, Migration, National accounts, Population and demographics, Remittances, Wages
- Keywords: complementarity effect, consequences of migration, costs of emigration, E. country case, Eastern Europe, Economic growth, Global, impact of migration, Income, Inequality, International Migration, Labor markets, Migration, origin country, Remittances, wage effect, wage effect of migration, Wages
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- Working Paper