Summary of Impact of Migration on Income Levels in Advanced Economies
Immigration has medium- and long-term impacts on developed economies.
Immigration was unquestionably one of the driving forces that propelled UK voters to embrace Brexit and US voters to elect Donald Trump as president. The visceral reaction to immigration obscures its powerful economic effects on advanced economies, where the push-pull dynamic between assimilating new migrants into the culture while augmenting the workforce is a fundamental tension. Economists Florence Jaumotte, Ksenia Koloskova and Sweta C. Saxena dissect the immigration question and detail its positive ramifications. getAbstract recommends this important study on the complexities of immigration to policy officials and business leaders.
In this summary, you will learn
- Why immigration is vital to an economy’s well-being,
- How productivity gains lead to higher per capita GDP and
- What policies are necessary for nations to achieve successful immigration outcomes.
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