The literature on the effects of aid and remittances as a share of GDP on growth of the GDP per capita has placed much emphasis on growth regressions thereby emphasising only the direct effects on growth. In order to get the total effect one has to capture the indirect ones too and integrate...

This paper analyses the way immigration can help to alleviate the burden aging presents for the welfare states of most Western Economies. We develop a macroeconomic framework which deals with the impact of both aging and immigration on economic growth. This is combined with a detailed model of...

This paper analyzes the impact of the skill composition of migration flows on the host country’s labor market in a specific factors two-sector model with heterogeneous labor (low-, medium-, and highly-skilled) and price- and wage-setting behavior. The low- and medium-skilled labor markets are...