Implications of Migrationon Income and Welfare of Nationals

December 1, 2002

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

As labor has become more mobile in today's world, it is important to understand the income and welfare of nationals regardless of their residence. This paper develops two key concepts, gross migration-corrected product (GMP) and welfare cost of migration, and calculates them using New Zealand data. Growth performance measured by New Zealanders' income has been clearly better than suggested by the GDP. The welfare cost associated with a marginal change in the tax rate appears quite high.

Subject: Income, Income and capital gains taxes, Labor, Migration, National accounts, Population and demographics, Social security contributions, Taxes, Wages

Keywords: Australia and New Zealand, GMP, Income, Income and capital gains taxes, labor market, Migration, New Zealand income, New Zealand wage, NZ emigrant, Social security contributions, tax policy, wage, wage difference, Wages, welfare cost, Welfare cost of migration, WP

Pages:
31
Volume:
2002
DOI:
https://doi.org/10.5089/9781451875058.001
Issue:
215
Series:
Working Paper No. 2002/215
Stock No:
WPIEA2152002
ISBN:
9781451875058
ISSN:
1018-5941

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