The dissertation examines the macroeconomic impact of fiscal policy, including a recently-debated remittance tax in a small open economy that exports migrant workers and, at the same time, receives remittances sent by those migrants to families in the home country. The research also investigates the responses of optimal fiscal policy to shocks in either the home or the host country. Then, the empirical exercises are performed to determine the motivations behind remittances. More specifically, we test whether remittances come from existing migrants or result from migration when families at home experience income contraction caused by weather or natural disaster shocks. Chapter 1 provides some interesting findings. First, the results show that an economy with international migration is more resilient to demand shocks resulting from fiscal contraction. Second, the short-run association between remittances and domestic output depends on the sources of the shocks. Third, our results indicate that the equilibrium impact of a tax on remittances can be expansionary and welfare-improving when an economy is initially close to full employment. The presence of utility-enhancing government expenditures and a potential negative externality from over-allocation of labor abroad (over migration) justify the presence of distortionary taxes. Chapter 2 shows that an increase in remittances due to shocks in the host country increases consumption, but reduces domestic output due to labor migration. In such a case, optimal fiscal policy responds by lowering taxes on factor incomes to encourage domestic labor participation and increasing the remittance tax to curb labor migration. However, optimal policy response to shocks in the domestic economy is to raise all income taxes including factor incomes and remittances. Chapter 3 shows that there is no evidence that supports pure altruism hypothesis. Specifically, home income contraction due to natural disasters or weather shocks does not appear to induce existing migrants residing abroad to send more remittances. However, the results indicate that remittances increase as people experiencing the income shocks migrate to earn higher income abroad. The findings support our theoretical specification in the previous chapters that links remittances to international migration.

Migration presents a stark policy dilemma. Research repeatedly confirms that migrants, their families back home, and the countries that welcome them experience large economic and social gains. Easing immigration restrictions is one of the most effective tools for ending poverty and sharing prosperity across the globe. Yet, we see widespread opposition in destination countries, where migrants are depicted as the primary cause of many of their economic problems, from high unemployment to declining social services. Moving for Prosperity: Global Migration and Labor Markets addresses this dilemma. In addition to providing comprehensive data and empirical analysis of migration patterns and their impact, the report argues for a series of policies that work with, rather than against, labor market forces. Policy makers should aim to ease short-run dislocations and adjustment costs so that the substantial long-term benefits are shared more evenly. Only then can we avoid draconian migration restrictions that will hurt everybody. Moving for Prosperity aims to inform and stimulate policy debate, facilitate further research, and identify prominent knowledge gaps. It demonstrates why existing income gaps, demographic differences, and rapidly declining transportation costs mean that global mobility will continue to be a key feature of our lives for generations to come. Its audience includes anyone interested in one of the most controversial policy debates of our time.

In this empirical study, Saskia Sassen offers a fresh understanding of the processes of international migration. Focusing on immigration into the US from 1960 to 1985 and the part played by American economic activities abroad, as well as foreign investment in the US, she examines the various ways in which the internationalization of production contributes to the formation and direction of labor migration.

DIVA very creative study of the different kinds of task-integration, and management, found in virtual migration and body-shopping throughout the global software industry in general and between India and the US in particular./div

Part 1 of this volume focusses on globalization. Gains from trade, international competitiveness, labour market issues in open economies, customs unions, dumping and intra-firm trade are the topics of this part. Part 2 puts a stronger emphasis on dynamic economics. Social income, intergenerational transfers, public pension systems, and bequest and gift motives in overlapping generation models are main topics. Economic policies are analyzed in Part 3, including the relation between wage rigidity and migration, several aspects of German financial and monetary policy, as well as tax competition. The volume concludes with institutional issues of globalization, a western view on eastern transition, social cost of rent seeking, and the evolution of social institutions.

This book examines the economic consequences of immigration and asylum migration, it focuses on the economic consequences of legal and illegal immigration as well as placing the study of immigration in a global context.

The need for pension reform is an increasingly important issue on the economic reform agenda of most European countries, although there has been considerable variation in the approaches adopted. This publication contains a selection of papers from leading scholars and practitioners in the fields of economics and political science, which seek to provide an insight into the process and progress of European pension reform and to highlight areas for further research.