Immigrant Swan Song
By Giovanni Peri
The immigration debate often focuses on culture, identity, and the economy. In countries such as the Australia, Canada, and the United States where many immigrants—especially those who have moved for economic reasons—assimilate into the labor force quickly, the case for more immigration is built on its potential economic benefits. Research shows that immigration does not reduce the capital intensity of the economy, but rather it allows firms to expand and investments to adjust, and it also promotes innovation and growth—especially when highly skilled immigrants are admitted. There is also little evidence that immigration displaces jobs or depresses wages in the receiving countries (see, for example, Lewis and Peri 2015 and Peri 2016).
Source @IMF
207 views
