The Macroeconomic Effects of Migration From the New European Union Member States to the United Kingdom
AbstractThe United Kingdom allowed workers from the ten new European Union member countries immediate access to its labor market after the accession in 2004. This paper uses a general equilibrium framework to explore the dynamic adjustment of the UK economy to the postaccession surge in immigration. Simulations show that immigration is likely to have positive effects on economic growth, capital accumulation, consumption, and the public finances.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 07/61.
Date of creation: 01 Mar 2007
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-06-30 (All new papers)
- NEP-EEC-2007-06-30 (European Economics)
- NEP-LAB-2007-06-30 (Labour Economics)
- NEP-MAC-2007-06-30 (Macroeconomics)
- NEP-MIG-2007-06-30 (Economics of Human Migration)
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