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We ask what level of migration would maximize world welfare. We find that skill-neutral policies are never optimal. An …
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This article reviews the economic literature on social remittances. Unlike financial remittances, which are flows of … cash or goods sent by migrants to their origin countries, social remittances refer to economic, social, political attitudes … contributed to advancing knowledge on the causal effects of migration on social remittances. The evidence reviewed in this article …
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In this paper, we study the impact of labor mobility on the welfare cost of currency union in an open economy New Keynesian model. We find that the relationship between labor mobility and exchange rate flexibility depends on the source of asymmetric regional shocks. With demand shocks, labor...
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Host countries have implemented permanent and guest-worker (GW) immigration programs in recent decades, while the temporary movement of service providers under Mode IV of the GATS is one of the issues being negotiated at the Doha Round of the WTO. Though decisions on what programs to adopt have...
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