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Implications of Migrationon Income and Welfare of Nationals

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  • Mr. Kenichi Ueda

Abstract

As labor has become more mobile in today's world, it is important to understand the income and welfare of nationals regardless of their residence. This paper develops two key concepts, gross migration-corrected product (GMP) and welfare cost of migration, and calculates them using New Zealand data. Growth performance measured by New Zealanders' income has been clearly better than suggested by the GDP. The welfare cost associated with a marginal change in the tax rate appears quite high.

Suggested Citation

  • Mr. Kenichi Ueda, 2002. "Implications of Migrationon Income and Welfare of Nationals," IMF Working Papers 2002/215, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2002/215
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    References listed on IDEAS

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    1. International Monetary Fund, 1999. "United States: Selected Issues," IMF Staff Country Reports 1999/101, International Monetary Fund.
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    3. International Monetary Fund, 2002. "New Zealand: Selected Issues," IMF Staff Country Reports 2002/072, International Monetary Fund.
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    5. Peter Bushnell & Wai Kin Choy, 2001. ""Go West, Young Man, Go West!"?," Treasury Working Paper Series 01/07, New Zealand Treasury.
    6. Beine, Michel & Docquier, Frederic & Rapoport, Hillel, 2001. "Brain drain and economic growth: theory and evidence," Journal of Development Economics, Elsevier, vol. 64(1), pages 275-289, February.
    7. Basu, Susanto & Fernald, John G, 1997. "Returns to Scale in U.S. Production: Estimates and Implications," Journal of Political Economy, University of Chicago Press, vol. 105(2), pages 249-283, April.
    8. Peter J. Klenow & Andrés Rodríguez-Clare, 1997. "The Neoclassical Revival in Growth Economics: Has It Gone Too Far?," NBER Chapters, in: NBER Macroeconomics Annual 1997, Volume 12, pages 73-114, National Bureau of Economic Research, Inc.
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    Cited by:

    1. International Monetary Fund, 2005. "Samoa: Selected Issues and Statistical Appendix," IMF Staff Country Reports 2005/221, International Monetary Fund.
    2. Paresh Kumar Narayan & Russell Smyth, 2005. "Temporal causality and the dynamics of democracy, emigration and real income in Fiji," International Review of Applied Economics, Taylor & Francis Journals, vol. 19(2), pages 245-261.

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