Immigration policy in most high-income countries is designed to promote qualified migration while maintaining high requirements on characteristics such as education and language skills. We rely on a standard self-selection model with heterogeneous migration costs to discuss the effect of access...

Despite its importance for development, long-term finance is particularly scarce in countries with lower income levels. This not only results in unrealised growth and employment creation at the national level and at the level of individual firms, but also undermines a broader shift towards...