The Macroeconomic Effects of Migration from the New European Union Member States to the United Kingdom
March 1, 2007
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Summary
The United Kingdom allowed workers from the ten new European Union member countries immediate access to its labor market after the accession in 2004. This paper uses a general equilibrium framework to explore the dynamic adjustment of the UK economy to the postaccession surge in immigration. Simulations show that immigration is likely to have positive effects on economic growth, capital accumulation, consumption, and the public finances.
Subject: Aging, Labor markets, Labor supply, Migration, Wages
Keywords: age-earnings distribution, age-earnings profile, earnings, worker, WP
Pages:
17
Volume:
2007
DOI:
Issue:
061
Series:
Working Paper No. 2007/061
Stock No:
WPIEA2007061
ISBN:
9781451866254
ISSN:
1018-5941
