Migration and Jobs : Issues for the 21st Century
With an estimated 724 million extreme poor people living in developing countries, and the world's demographics bifurcating into an older North and a younger South, there are substantial economic incentives and benefits for people to migrate. T...
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| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/665381559066230778/Migration-and-Jobs-Issues-for-the-21st-Century http://hdl.handle.net/10986/31749 |
| Summary: | With an estimated 724 million extreme
poor people living in developing countries, and the
world's demographics bifurcating into an older North
and a younger South, there are substantial economic
incentives and benefits for people to migrate. There are
also important market and regulatory failures that constrain
mobility and reduce the net benefits of migration. This
paper reviews the recent literature and proposes a
conceptual framework for better integration and coordination
of policies that can address the different market and
regulatory failures. The paper advances five types of
interventions in need of particular attention in design,
implementation, and evaluation; namely, (1) active labor
market programs that serve local, regional, and foreign
markets; (2) remittances and investment subsidies to promote
job creation and labor productivity growth; (3) social
insurance programs that cover all jobs and facilitate labor
mobility; (4) labor taxes to internalize the social costs of
migration in receiving regions; and (5) more flexible
private sector driven schemes to regulate the flow of
migrants and minimize irregular migration. |
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