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Social Science > Emigration and Immigration

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Cover Finance & Development
Finance & Development, March 2020
International Monetary Fund. Communications Department
This issue of Finance & Development discusses link between demographics and economic well-being. In the coming decades, demographics is expected to be more favorable to economic well-being in the less developed regions than in the more developed regions. The age structure of a population reflects mainly its fertility and mortality history. In high-mortality populations, improved survival tends to occur disproportionately among children. The “demographic dividend” refers to the process through which a changing age structure can spur economic growth. It depends, of course, on several complex factors, including the nature and pace of demographic change, the operation of labor and capital markets, macroeconomic management and trade policies, governance, and human capital accumulation. Population aging is the dominant demographic trend of the twenty-first century—a reflection of increasing longevity, declining fertility, and the progression of large cohorts to older ages. Barring a change in current trends, the industrial world’s working-age population will decline over the next generation, and China’s working-age population will decline as well. At the same time, trends toward increased labor force participation of women have played out with, for example, more women than men now working in the United States.
Keywords:
FD; F&D; country; shrinking population; tried-and-tested policy solution; interest rate; policy choices matter
Cover Finance & Development
Finance & Development, March 2020
International Monetary Fund. Communications Department
Finance & Development
Keywords:
FD; F&D; country; shrinking population; tried-and-tested policy solution; interest rate; policy choices matter
Cover Finance & Development
Finance & Development, March 2020
International Monetary Fund. Communications Department
Finance & Development
Keywords:
FD; F&D; country; shrinking population; tried-and-tested policy solution; interest rate; policy choices matter
Cover Finance & Development
Finance & Development, March 2020
International Monetary Fund. Communications Department
Finance & Development
Keywords:
FD; F&D; country; shrinking population; tried-and-tested policy solution; interest rate; policy choices matter
Cover Finance & Development
Finance & Development, March 2020
International Monetary Fund. Communications Department
Finance & Development
Keywords:
FD; F&D; country; shrinking population; tried-and-tested policy solution; interest rate; policy choices matter
Cover Finance & Development
Finance & Development, March 2020
International Monetary Fund. Communications Department
Finance & Development
Keywords:
FD; F&D; country; shrinking population; tried-and-tested policy solution; interest rate; policy choices matter
Cover IMF Staff Country Reports
New Zealand: Selected Issues
International Monetary Fund. Asia and Pacific Dept
This Selected Issues paper discusses interactions between external risks and the New Zealand economy. The current set of external risks has the potential to be extremely damaging to New Zealand, but two factors would likely mitigate the economic impact. First, the flexible exchange rate regime is a reliable shock absorber and automatic stabilizer from the perspective of GDP, although it leads to a rebalancing between the domestic and external sectors in the economy. Second, net migration flows can reduce the negative impact of lower external demand under some circumstances, such as a growth slowdown in Australia. Fiscal policy could also offset some of the short-term costs of adjustment. Fiscal policy can provide stimulus at relatively small and manageable cost to the already-low government debt to GDP ratio. Moreover, at the current juncture, fiscal policy might need to provide the bulk of policy support against negative shocks, as monetary policy might be ineffective if has become constrained by an effective lower bound on the monetary policy interest rate.
Keywords:
ISCR; CR; monetary policy; price; welfare advantage; Consumption-equivalent welfare index; wellbeing indicator; income growth; living standard framework; Financial sector stability; Consumption; Macroprudential policy; Income; Migration; Global
Cover IMF Staff Country Reports
Austria: Selected Issues
International Monetary Fund. European Dept.
This paper reviews two main issues pertaining to Austrian economy: (1) Austria's long-term fiscal sustainability in light of current tax and expenditure trends, and (2) Austria's macroeconomic challenges and opportunities due to immigration. To maintain fiscal sustainability over the longer run, Austria needs to implement a strategy based on structural expenditure consolidation. Attention to the structure of Austrian taxes and expenditure is germane because this displays important differences vis-á-vis European peers. In 2015, Austria has recorded about 90,000 asylum applicants, making it one of the top three host countries relative to its population. Austria attracts immigrant populations that improve the characteristics of its labor force.
Keywords:
ISCR; CR; Austria; immigrant; tax; OECD ACA; labor market; parameter combinations immigrant; immigrants influence; public expenditure; immigrants' impact; well-educated immigrant; integration policy; Migration; Aging; Health care spending; Europe; Global
Cover Finance & Development
Finance & Development, September 2006
International Monetary Fund. External Relations Dept.
The Economics of Demographics provides a detailed look at how the biggest demographic upheaval in history is affecting global development. The issue explores demographic change and the effects of population aging from a variety of angles, including pensions, health care, financial markets, and migration, and looks specifically at the impact in Europe and Asia. Picture This looks at global demographic trends, while Back to Basics explains the concept of the demographic dividend. Country Focus spotlights Kazakhstan, while People in Economics profiles Nobel prize winner Robert Mundell. IMF Economic Counsellor Raghuram Rajan argues for further change in India's style of government in his column, Straight Talk.
Keywords:
FD; F&D; sex ratio; country; ratio; shares insight; health expenditure; policy adjustment; world oil price; Kazakhstan's economy; Aging; Migration; Pension spending; Global; Europe; Asia and Pacific; East Asia; Sub-Saharan Africa
Cover Finance & Development
Finance & Development, December 1991
International Monetary Fund. External Relations Dept.
For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.
Keywords:
FD; F&D; country; expenditure; GDP; exchange rate; deficit; AIDS epidemic; net supply; stop-go adjustment effort; adjustment program; agriculture's share; Defense spending; Remittances; Migration; HIV and AIDS; Global; Middle East; Africa; Sub-Saharan Africa; Southern Africa