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

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 Migrants contribute significantly to labor-market flexibility, notably in Europe
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 They fill important niches both in fast-growing and declining sectors of the economy
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Immigrants in advanced economies increase output and productivity both in the short and medium term
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 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
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Migrants help address labor market needs and drive economic growth in their countries of destination
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 Without migration, the European population would have shrunk by half a million in 2019
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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
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