The Macroeconomic Effects of Migration from the New European Union Member States to the United Kingdom

March 1, 2007

Preview Citation

Format: Chicago

Dora M Iakova. The Macroeconomic Effects of Migration from the New European Union Member States to the United Kingdom, (USA: International Monetary Fund, 2007) accessed September 19, 2024

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

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

Publication Details

Pages:

17
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2007/061
Stock No:

WPIEA2007061
ISBN:

9781451866254
ISSN:

1018-5941

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