Would Mexican Migrants be Willing to Guarantee Americans a Basic Income ?

Michael Lokshin and Martin Ravallion

No 9708, Policy Research Working Paper Series from The World Bank

Abstract: The paper simulates a double-sided competitive market in temporary work permits between the U.S. and Mexico. Eligible working-age Americans would have the option of renting out their implicit work permits while Mexican workers have remunerative new opportunities. With plausible allowances for migration costs, the market can support a self-financed and self-targeted basic income for Americans and lower their poverty rate. With sufficiently high tax rates on work permits, the scheme can be managed to avoid a large increase in the count of total migrants compared to now. The likely change in the skill composition of migrants would raise U.S. GDP.

Keywords: Inequality; Labor Markets; Human Migrations&Resettlements; Migration and Development; International Migration; Financial Sector Policy; Social Protections&Assistance (search for similar items in EconPapers)
Date: 2021-06-22
New Economics Papers: this item is included in nep-int and nep-mig
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