Emigration, unemployment and welfare – The role of non-traded sector
In this paper we examine the consequences of skilled versus unskilled labor migration on the welfare of remaining residents (RR) in an economy characterized by unemployment of unskilled labor. It is established that emigration of unskilled workers necessarily raises both the level of employment and...
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Veröffentlicht in: | The North American journal of economics and finance 2013-01, Vol.24, p.298-305 |
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container_title | The North American journal of economics and finance |
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creator | Marjit, Sugata Kar, Saibal Hazari, Bharat R. |
description | In this paper we examine the consequences of skilled versus unskilled labor migration on the welfare of remaining residents (RR) in an economy characterized by unemployment of unskilled labor. It is established that emigration of unskilled workers necessarily raises both the level of employment and the welfare of RR. However, this result need not hold when skilled workers emigrate freely. In obtaining these results we emphasize the critical significance of the non-traded sector in an economy. |
doi_str_mv | 10.1016/j.najef.2011.09.001 |
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subjects | Emigration Employment Labor economics Non-traded goods Remaining residents Remittances Skill Studies Unemployment Welfare economics |
title | Emigration, unemployment and welfare – The role of non-traded sector |
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