Saturday, August 19, 2023

What are the benefits of immigration in Europe?

 Immigration has several benefits for Europe, including economic growth, labor market flexibility, and addressing labor market needs. According to a macroeconomic study covering the last 30 years in Europe, migration flows have had a positive effect on the economy

2
.
 Migrants contribute significantly to labor-market flexibility, notably in Europe
13
.
 They fill important niches both in fast-growing and declining sectors of the economy
13
.
 

Immigrants in advanced economies increase output and productivity both in the short and medium term
10
.
 In general, migrants contribute as much to public finances in taxes as they receive in benefits, i.e. the net fiscal impacts of immigration are minimal
1
.
 

Migrants help address labor market needs and drive economic growth in their countries of destination
7
.
 Without migration, the European population would have shrunk by half a million in 2019
3
.
 

European immigrants to the UK have paid more in taxes than they received in benefits, helping to relieve the fiscal burden on UK-born workers and contributing to the financing of public services
14
.

No comments:

Post a Comment

More job cuts on the way as German economy struggles to recover

  After the announcement of the closure of two plants by VW, Europe's largest automobile manufacturer, experts are raising concerns that...