The Aggregate and Distributional Effects of Migration Policies: A Multifaceted Analysis

Shyam Gouri Suresh

No 15-01, Working Papers from Davidson College, Department of Economics

Abstract: This paper analyses alternative migration policies in a dynamic general equilibrium framework using a microsimulations approach. Agents make decisions regarding the acquisition of skill and migration based on their idiosyncratic characteristics, macroeconomic conditions, and the migration regime. Migration in turn affects skilled wages, unskilled wages, and rents in migrant sending and receiving economies. The model is simulated several times with different plausible assumptions and parametrisations to conduct policy analyses using various welfare criteria. More open policies are generally optimal in terms of maximising world and recipient country GDP per capita but suboptimal in terms of minimising recipient country inequality.

Keywords: Migration; Policy Analysis; Microsimulation; Heterogeneous Agents; OLG Model (search for similar items in EconPapers)
JEL-codes: C63 D6 F22 (search for similar items in EconPapers)
Date: 2015-03
New Economics Papers: this item is included in nep-cmp and nep-mig
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