The Impact of International Migration on Inclusive Growth: A Review

By Zsoka Koczan, Giovanni Peri, Magali Pinat, Dmitriy L Rozhkov

March 19, 2021

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Zsoka Koczan, Giovanni Peri, Magali Pinat, and Dmitriy L Rozhkov. The Impact of International Migration on Inclusive Growth: A Review, (USA: International Monetary Fund, 2021) accessed November 21, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

International migration is an important channel of material improvement for individuals and their offspring. The movement of people across country borders, especially from less developed to richer countries, has a substantial impact in several dimensions. First, it affects the migrants themselves by allowing them to achieve higher income as a result of their higher productivity in the destination country. It also increases the expected income for their offspring. Second, it affects the destination country through the impact on labor markets, productivity, innovation, demographic structure, fiscal balance, and criminality. Third, it can have a significant impact on the countries of origin. It may lead to loss of human capital, but it also creates a flow of remittances and increases international connections in the form of trade, FDI, and technological transfers. This paper surveys our understanding of how migration affects growth and inequality through the impact on migrants themselves as well as on the destination and origin countries.

Subject: Balance of payments, Economic sectors, Financial crises, Income, Labor, Labor markets, Migration, National accounts, Population and demographics, Remittances, Wages

Keywords: Complementarity effect, Consequences of migration, Costs of emigration, E. country case, Eastern Europe, Economic growth, Global, Impact of migration, Income, Inequality, International Migration, Labor markets, Migration, Origin country, Remittances, Wage effect, Wage effect of migration, Wages

Publication Details

Pages:

33
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2021/088
Stock No:

WPIEA2021088
ISBN:

9781513571966
ISSN:

1018-5941

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