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Would Mexican Migrants be Willing to Guarantee Americans a Basic Income ?

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  • Lokshin,Michael M.
  • Ravallion,Martin

Abstract

The paper simulates a double-sided competitive market in temporary work permits between the U.S. and Mexico. Eligible working-age Americans would have the option of renting out their implicit work permits while Mexican workers have remunerative new opportunities. With plausible allowances for migration costs, the market can support a self-financed and self-targeted basic income for Americans and lower their poverty rate. With sufficiently high tax rates on work permits, the scheme can be managed to avoid a large increase in the count of total migrants compared to now. The likely change in the skill composition of migrants would raise U.S. GDP.

Suggested Citation

  • Lokshin,Michael M. & Ravallion,Martin, 2021. "Would Mexican Migrants be Willing to Guarantee Americans a Basic Income ?," Policy Research Working Paper Series 9708, The World Bank.
    • Handle: RePEc:wbk:wbrwps:9708
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    References listed on IDEAS

    as
    1. Binswanger, Johannes & Schunk, Daniel, 2012. "What is an adequate standard of living during Retirement?," Journal of Pension Economics and Finance, Cambridge University Press, vol. 11(2), pages 203-222, April.
    2. Arindrajit Dube, 2019. "Minimum Wages and the Distribution of Family Incomes," American Economic Journal: Applied Economics, American Economic Association, vol. 11(4), pages 268-304, October.
    3. Eric WEINSTEIN, 2002. "Migration for the benefit of all: Towards a new paradigm for economic immigration," International Labour Review, International Labour Organization, vol. 141(3), pages 225-252, September.
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    More about this item

    Keywords

    Inequality; Labor Markets; Human Migrations&Resettlements; Migration and Development; International Migration; Financial Sector Policy; Social Protections&Assistance;
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