Legal migration policy and law

Meenakshi Fernandes, d'Artis Kancs and Cecilia Navarra

EERI Research Paper Series from Economics and Econometrics Research Institute (EERI), Brussels

Abstract: This paper investigates the potential macro-economic effects of selected EU-level policy options on legal migration on the EU economy. The approach is based on a macro-economic model that models several frictions and barriers on the supply and demand side of the EU labour market resulting in a sub-optimal allocation of labour and lower productivity. Each policy option addresses a specific friction or barrier and consequently has a specific role in generating economic gains relative to the policy status quo. In terms of GDP, these gains range between about €2.8 billion and €19.5 billion per year, when considering individual policy options. Implementing several options together substantially increases the long-run benefits (between about €37.6 and €74.0 billion per year), generating synergies and greater economic gains for society.

Keywords: International migration; model; human capital; skills; occupational choice; labor productivity (search for similar items in EconPapers)
JEL-codes: C68 E24 F22 F47 J24 (search for similar items in EconPapers)
Date: 2021-09-10
New Economics Papers: this item is included in nep-mig
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https://www.europarl.europa.eu/RegData/etudes/STUD ... )694211(ANN2)_EN.pdf
http://www.eeri.eu/documents/wp/EERI_RP_2021_10.pdf (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:eei:rpaper:eeri_rp_2021_10

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