Implications of Migrationon Income and Welfare of Nationals

Kenichi Ueda

No 2002/215, IMF Working Papers from International Monetary Fund

Abstract: As labor has become more mobile in today's world, it is important to understand the income and welfare of nationals regardless of their residence. This paper develops two key concepts, gross migration-corrected product (GMP) and welfare cost of migration, and calculates them using New Zealand data. Growth performance measured by New Zealanders' income has been clearly better than suggested by the GDP. The welfare cost associated with a marginal change in the tax rate appears quite high.

Keywords: WP; wage; wage difference; New Zealand wage; welfare cost; Welfare cost of migration; GMP; tax policy; labor market; NZ emigrant; New Zealand income; Migration; Income; Wages; Social security contributions; Income and capital gains taxes; Australia and New Zealand (search for similar items in EconPapers)
Pages: 31
Date: 2002-12-01
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Citations: View citations in EconPapers (2)

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