When international migrant incomes improve, what are the consequences for global income (from international and domestic sources) in migrant-origin economies? In this webinar, Professor Dean Yang presents new research on the long-run equilibrium effects of migrant income shocks on global income in Philippine provinces.
Positive shocks to migrant income magnify over time as education levels rise, migration increases, and migrants enter higher-skilled, higher-wage jobs. Higher migrant income also causes higher domestic income, primarily from household entrepreneurship. Domestic income gains account for 75% of global income gains. Education investments explain, respectively, 42% and 18% of migrant and domestic income gains.
Read the full paper here: https://devpolicy.org/Events/2020/Abundance_from_abroad_migrant_income_and_long-run_economic_development_11Nov/paper.pdf
Dean Yang is a Professor in the Department of Economics and the Ford School of Public Policy at the University of Michigan. His research agenda spans a range of applied microeconomic topics, including international migration, microfinance, health, disasters, trade, religion, and political economy.
The event will be a public webinar and will be recorded. The recording will be made available after the event through the Development Policy Centre website (https://devpolicy.crawford.anu.edu.au).