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Impact of Migration of National Accounts: A UK Perspective

Author

Listed:
  • Heys, Richard
  • Carrera, Sonia
  • Freeman, David
  • McLaren, Craig
  • Stickney, Chris

Abstract

Official statistics come in many shapes and forms. Economic statistics are generally governed by the System of National Accounts (2008), whilst many social statistics are governed by separate manuals and guidance. As we move into a period where migration is increasingly important, alongside other population and demographic trends such as aging and urbanisation, the need to ensure national accounts and other economic measures reflect a modern understanding of these concepts is increasingly vital to ensure statistics remain relevant and reflect society as it is.The proposal to include labour accounts in the System of National Accounts from 2025 (UN, 2021) provides the opportunity for the economic statistics community to reflect not just on how to best take account of migration in economic data, but also to consider whether economic statistics has a voice which needs to be heard whilst the social statistics community discusses the definition of migration. In particular, is there merit in considering a wider alignment of definitions across both economic measures of labour and social measures of population?

Suggested Citation

  • Heys, Richard & Carrera, Sonia & Freeman, David & McLaren, Craig & Stickney, Chris, 2023. "Impact of Migration of National Accounts: A UK Perspective," Technical Papers tr-21, Economic Statistics Centre of Excellence.
    • Handle: RePEc:eoe:escoet:tr-21
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    File URL: https://www.repository-escoe.com/id/eprint/8/1/ESCoE%20TR-21.pdf
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    JEL classification:

    • C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J15 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J48 - Labor and Demographic Economics - - Particular Labor Markets - - - Particular Labor Markets; Public Policy
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
    • J82 - Labor and Demographic Economics - - Labor Standards - - - Labor Force Composition

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