What is the optimal immigration policy? Migration, jobs, and welfare

Joao Guerreiro; Sergio Rebelo; Pedro Teles

doi:10.1016/j.jmoneco.2020.04.009

What is the optimal immigration policy? Migration, jobs, and welfare

Joao Guerreiro^*, Sergio Rebelo^*, Pedro Teles^*

^*Autor correspondente para este trabalho

Resultado de pesquisa › revisão de pares

10 Citações (Scopus)

Resumo

We study the immigration policy that maximizes the welfare of the native population in an economy where the government designs an optimal redistributive welfare system and supplies public goods. We show that when the government can design different tax systems for immigrants and natives, free immigration is optimal. It is also optimal to use the tax system to encourage the immigration of high-skill workers and discourage that of low-skill workers. When immigrants and natives must be treated alike, banning low-skill immigration and allowing free immigration for high-skill workers is optimal. However, there might be no high-skill immigration when heavy taxes are levied on all high-skill workers, both natives and immigrants.

Idioma original	English
Páginas (de-até)	61-87
Número de páginas	27
Revista	Journal of Monetary Economics
Volume	113
DOIs	https://doi.org/10.1016/j.jmoneco.2020.04.009
Estado da publicação	Publicado - ago. 2020

ODS da ONU

Este resultado contribui para o(s) seguinte(s) Objetivo(s) de Desenvolvimento Sustentável

Acesso ao documento

10.1016/j.jmoneco.2020.04.009

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http://www.scopus.com/inward/record.url?scp=85085289018&partnerID=8YFLogxK

CUBE: Católica Lisbon Research Unit in Business and Economics
Machado, F. (PI), Aranda, A. M. (Investigador), Costa, A. I. D. A. (Investigador), Martins, A. P. (Investigador), Bernard, A. (Investigador), Fidalgo, A. (Investigador), Reis, C. (Investigador), Abecassis-Moedas, C. (Investigador), Santos, C. (Investigador), Tran, D. (Investigador), Fernandes, D. (Investigador), Bonfim, D. (Investigador), Schliephake, E. (Investigador), Kalogirou, F. (Investigador), Reis, F. (Investigador), Santos, F. (Investigador), Machado, F. (Investigador), Sguera, F. (Investigador), Cerqueiro, G. (Investigador), Reis, H. (Investigador), Barreto, I. (Investigador), Silva, J. (Investigador), Salvado, J. C. (Investigador), Neves, J. C. D. (Investigador), Gijsbrechts, J. (Investigador), Stahl, J. (Investigador), Guedes, J. C. (Investigador), Faias, J. (Investigador), Wagner, L. (Investigador), Correia, I. (Investigador), Saldanha, M. F. (Investigador), Fontes, J. C. (Investigador), Modesto, L. (Investigador), Meira, M. (Investigador), Matos, M. G. D. (Investigador), Gouveia, M. (Investigador), Kozeniauskas, N. (Investigador), Bertani, N. (Investigador), Couzoff, P. (Investigador), Barroso, P. (Investigador), Encarnação, P. (Investigador), Raposo, P. (Investigador), Teles, P. (Investigador), Bastos, W. (Investigador), Bohnsack, R. (Investigador), Vale, R. C. D. (Investigador), Ferreira, R. (Investigador), Lloyd-Braga, T. (Investigador), Ramus, T. (Investigador), Colaço, V. H. (Investigador), Cavicchini, A. (Investigador), Parada, P. (Investigador), Pieters, R. (Investigador), Pinto, F. A. G. D. L. S. (Investigador), Colaço, V. H. (Investigador) & Venter, Z. (Investigador)
1/01/20 → 31/12/25
Projeto

Citação

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title = "What is the optimal immigration policy? Migration, jobs, and welfare",

abstract = "We study the immigration policy that maximizes the welfare of the native population in an economy where the government designs an optimal redistributive welfare system and supplies public goods. We show that when the government can design different tax systems for immigrants and natives, free immigration is optimal. It is also optimal to use the tax system to encourage the immigration of high-skill workers and discourage that of low-skill workers. When immigrants and natives must be treated alike, banning low-skill immigration and allowing free immigration for high-skill workers is optimal. However, there might be no high-skill immigration when heavy taxes are levied on all high-skill workers, both natives and immigrants.",

keywords = "Immigration, Optimal taxation, Redistribution, Welfare state",

author = "Joao Guerreiro and Sergio Rebelo and Pedro Teles",

note = "Funding Information: We thank Laurence Ales and Chris Sleet as well as participants at the November 2019 CRNYU conference for their comments. Teles is grateful for the financial support of FCT . The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research or the Banco de Portugal. Publisher Copyright: {\textcopyright} 2020",

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doi = "10.1016/j.jmoneco.2020.04.009",

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volume = "113",

pages = "61--87",

journal = "Journal of Monetary Economics",

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T1 - What is the optimal immigration policy? Migration, jobs, and welfare

AU - Guerreiro, Joao

AU - Rebelo, Sergio

AU - Teles, Pedro

N1 - Funding Information: We thank Laurence Ales and Chris Sleet as well as participants at the November 2019 CRNYU conference for their comments. Teles is grateful for the financial support of FCT . The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research or the Banco de Portugal. Publisher Copyright: © 2020

PY - 2020/8

Y1 - 2020/8

N2 - We study the immigration policy that maximizes the welfare of the native population in an economy where the government designs an optimal redistributive welfare system and supplies public goods. We show that when the government can design different tax systems for immigrants and natives, free immigration is optimal. It is also optimal to use the tax system to encourage the immigration of high-skill workers and discourage that of low-skill workers. When immigrants and natives must be treated alike, banning low-skill immigration and allowing free immigration for high-skill workers is optimal. However, there might be no high-skill immigration when heavy taxes are levied on all high-skill workers, both natives and immigrants.

AB - We study the immigration policy that maximizes the welfare of the native population in an economy where the government designs an optimal redistributive welfare system and supplies public goods. We show that when the government can design different tax systems for immigrants and natives, free immigration is optimal. It is also optimal to use the tax system to encourage the immigration of high-skill workers and discourage that of low-skill workers. When immigrants and natives must be treated alike, banning low-skill immigration and allowing free immigration for high-skill workers is optimal. However, there might be no high-skill immigration when heavy taxes are levied on all high-skill workers, both natives and immigrants.

KW - Immigration

KW - Optimal taxation

KW - Redistribution

KW - Welfare state

UR - http://www.scopus.com/inward/record.url?scp=85085289018&partnerID=8YFLogxK

U2 - 10.1016/j.jmoneco.2020.04.009

DO - 10.1016/j.jmoneco.2020.04.009

M3 - Article

AN - SCOPUS:85085289018

SN - 0304-3932

VL - 113

SP - 61

EP - 87

JO - Journal of Monetary Economics

JF - Journal of Monetary Economics

ER -

What is the optimal immigration policy? Migration, jobs, and welfare

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CUBE: Católica Lisbon Research Unit in Business and Economics

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