Migrant Labor and Remittances: Macroeconomic Consequences and Policy Responses
构建了一个包含东道国和劳务输出国的宏观动态模型，分析税收政策、结构变化和财政政策对两国经济的影响，其中汇款内生于家庭成员的移民决策，为发展中国家鼓励移民劳工的政策提供启示。
Many developing countries experiencing poor domestic economic performance view migrant labor as an alternative. We employ a macrodynamic model of two small open economies—a host country and a labor-exporting developing country—to address this issue. We analyze how both economies are impacted by alternative tax policies, structural changes occurring in the two economies, and plausible fiscal policy responses. The most important feature of the model is that remittances are endogenized by being linked to the household members’ decisions to migrate. Extensive numerical simulations provide important implications for both fiscal and migration policies and address important questions regarding the current efforts put forward by governments of several developing countries to encourage migrant labor.