"Guest workers" earn higher wages overseas on temporary low-skill employment visas. This wage effect can quantify global inefficiencies in the pure spatial allocation of labor between poorer and richer countries. But rigorous estimates are rare, complicated by migrant self-selection. This paper...

This paper is related to the literature on the effect of foreign direct investment (FDI) on the labour market of host countries. Labour market literature has focused on the demand side of FDI; that is, increasing wage inequality by demanding more skilled workers or just increasing the overall...

The economic literature of the twenty-first century stresses the idea according to which achieving a certain level of human capital is one of the main preconditions for a country to attract and maintain foreign investors, particularly the ones seeking to improve the efficiency of their...