Premium
A global model of migration and poverty
Author(s) -
Bradford Scott
Publication year - 2021
Publication title -
the world economy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.594
H-Index - 68
eISSN - 1467-9701
pISSN - 0378-5920
DOI - 10.1111/twec.13051
Subject(s) - poverty , immigration , economics , globalization , development economics , immigration policy , political science , economic growth , market economy , law
Abstract Most rich nations maintain very tight restrictions on immigration despite widespread globalisation since World War II. This paper breaks new ground by assessing these barriers’ poverty implications, using a two‐region, one‐sector, dynastic growth model with a continuum of skills. Like other global studies of migration, I find that rich nation immigration impediments impose huge losses on the global economy. I also find that such barriers increase global poverty by 40% or more. This corroborates a conclusion drawn by others: opening rich nations to freer immigration could reduce poverty more than any other single policy shift.