Showing 1 - 10 of 1,067
This paper studies the impact of U.S. immigration barriers on global knowledge production. We present four key findings …. First, among Nobel Prize winners and Fields Medalists, migrants to the U.S. play a central role in the global knowledge …-histories of International Math Olympiad (IMO) medalists, we show that migrants to the U.S. are up to six times more productive …
Persistent link: https://www.econbiz.de/10012518315
-level administrative data - that large immigration flows since 2012 have had dampening effects on aggregate wage growth, as complementarity …
Persistent link: https://www.econbiz.de/10012155220
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014395956
The paper assesses the United Kingdom''s golden rule and debt rule against ""ideal characteristics"" of fiscal rules. It concludes that they are clearly defined; transparent in institutional arrangements and measurement; adequate to ensure sustainability; and strike a good balance between...
Persistent link: https://www.econbiz.de/10014403534
Several recent papers have examined the response of national saving to changes in fiscal policy. This paper uses knowledge about the intergenerational fiscal position of a country to determine whether this information helps to explain cross country differences in the nature of the response....
Persistent link: https://www.econbiz.de/10014403812
This paper examines whether there is a case for temporary but persistent fiscal surpluses in economies heavily endowed with nonrenewable resources. It finds that there generally is a case. Fiscal surpluses permit replacing nonfinancial wealth with financial assets, the return on which increases...
Persistent link: https://www.econbiz.de/10014400296
We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population data from Norway's administrative tax records. We document a number of novel results. First, during our sample period individuals earn markedly different average returns on their...
Persistent link: https://www.econbiz.de/10011905850
This paper examines the macroeconomic impact of migration on income convergence in the EU''s New Member States (NMS). The paper focuses on cross-border mobility of labor and examines the implications for policymakers with the help of a general equilibrium model. It finds that cross-border labor...
Persistent link: https://www.econbiz.de/10014401328
UK economy to the postaccession surge in immigration. Simulations show that immigration is likely to have positive …
Persistent link: https://www.econbiz.de/10014400579
and mid-1990s. Using a system of equations for unemployment, labor-force participation, the real wage, and the immigration … that of an increase in domestic labor-force participation. The composition of immigration flows matters, and the proportion …
Persistent link: https://www.econbiz.de/10014401044