The economic impact of Brexit-induced reductions in migration
Author(s) -
Jonathan Portes,
Giuseppe Forte
Publication year - 2017
Publication title -
oxford review of economic policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.948
H-Index - 85
eISSN - 1460-2121
pISSN - 0266-903X
DOI - 10.1093/oxrep/grx008
Subject(s) - brexit , economics , per capita , deindustrialization , computable general equilibrium , demographic economics , labour economics , international economics , macroeconomics , economy , european union , population , demography , sociology
We analyse the determinants of migration flows to the UK, and the impact of restrictions on free movement post-Brexit, in both the short and long term. We then provide plausible, empirically based estimates of the likely impacts on growth and wages using relationships from the existing empirical literature. We find that Brexit-induced reductions in migration are likely to have a significant negative impact on UK GDP per capita (and GDP), with marginal positive impacts on wages in the low-skill service sector.
Accelerating Research
Robert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom
Address
John Eccles HouseRobert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom