For decades, migration economics has stressed the effects of migration restrictions on income distribution in the host … country. Recently the literature has taken a new direction by estimating the costs of migration restrictions to global … economic efficiency. In contrast, a new strand of research posits that migration restrictions could be not only desirably …

expectations about inflation and future growth. Migration plays a significant role to balance wages across regions and countries …

countries at rates not seen since before World War One. During the same period, economists' study of international migration has … effects of global migration during the past half century. That evidence falsifies most of the core predictions of the old … model. The economics of migration will regain vitality and relevance by discarding and replacing its outworn paradigm. …