Migrants Bring Economic Benefits for Advanced Economies

2019-03-26T15:37:17-04:00October 24, 2016|

By Florence Jaumotte, Ksenia Koloskova, and Sweta Saxena

Version in Español (Spanish)

Migration, no matter how controversial politically, makes sense economically. A new IMF study shows that, over the longer term, both high- and low-skilled workers who migrate bring benefits to their new home countries by increasing income per person and living standards. High-skilled migrants bring diverse talent and expertise, while low-skilled migrants fill essential occupations for which natives are in short supply and allow natives to be employed at higher-skilled jobs. Moreover, the gains are broadly shared by the population. It may therefore be well-worth […]