Temporary Movement of Natural Persons

While I have issues about the framing implicit in the use of the adjective “temporary”, someone on Slashdot posted a useful follow-up to my old Labour/Capital piece, which I’d reposted there. Apparently minds more versed than mine in the dull intricacies of econometrics have analysed this issue.

by increasing developed economies’ quotas on inward movements of both skilled and unskilled labour by just 3% of their labour forces, world welfare would rise by $156 billion – about 0.6% of world income. Further liberalization of labor movement could double world income and imply proportionately even larger gains for the developing countries.

Earlier here.

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