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In the United States and many other countries, immigration is a hot topic. Despite media reports that highlight massive waves of migration around the world, the share of immigrants in the global population has remained steady at 3% since 1960, according to economist Çağlar Özden in this instructive, myth-busting report. The public perception of immigrants as job stealers who depress wages is also faulty. Özden’s evenhanded article presents the rarely discussed benefits of immigration to an economy. getAbstract recommends this text to executives and policy makers.

In this summary, you will learn

  • How immigration plays out in OECD countries,
  • What impact migrant workers have on labor markets and economies, and
  • What fiscal policies governments should consider to offset job losses among less-skilled native workers.
 

About the Author

Çağlar Özden is a lead economist at the World Bank’s Development Research Group.

 

Summary

Despite globalization, labor markets remain fragmented, resulting in large global wage gaps. For instance, a nurse in Australia earns seven times more than a peer in the Philippines, and a doctor in the United States earns five times more than an equivalent in Egypt, when salaries are adjusted for purchasing...

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