Canada facing more competition in drawing immigrants, says OECD study
2014/05/24 Leave a comment
Interesting study by the OECD on the essentially neutrality of immigration overall, even though it may be significant in particular sectors with skills shortages.
So both the claims of its benefits are likely exaggerated, as are the claims of its costs (i.e., Herbert Grubel: The invisible price tag of immigration):
“Even though most migration is not directly driven by workforce needs, immigrants are playing a significant role in the most dynamic sectors of the economy,” the study states.
“The impact of the cumulative waves of migration that arrived over the past 50 years in OECD countries is on average close to zero, rarely exceeding 0.5% of GDP in either positive or negative terms,” it says.
An examination of the fiscal impact of immigration on Canada, the U.S., Europe and Australia over the past 50 years suggests “is, on average, zero.”
New arrivals to OECD nations are “neither a burden to the public purse, nor are they a panacea for addressing fiscal challenges. In most countries, except in those with a large share of older migrants, migrants contribute more in taxes and social contributions than they receive in individual benefits.
Gives both perspectives reason for further reflection and analysis, as well as where does citizenship policy figure in immigration competitiveness.
Canada facing more competition in drawing immigrants, says OECD study.
