Chapter 68: Economics of Migration

Anita Alves Pena & Steven J. Shulman

Economics of migration The economics of migration is a sizable topic area within economics that encompasses broadly defined studies of the movement of people within and across economies. Studies of intranational, or internal, migration focus on movements within a country's borders, whereas studies of international migration (emigration and immigration) focus on movements across international boundaries. The economics of migration spans several subdisciplines within economics. Both microeconomists and macroeconomists are interested in how migration affects markets for labor, other factors of production, and output. Labor economists are particularly interested in migration as it is an important determinant of labor market outcomes such as wages and employment. Public economists and public policy makers are interested in the effects of migration on the social surplus and in the interrelationships between migration and public policy instruments. Economists studying economic development and international economics are interested in how migrations affect economic outcomes in the developing ...

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