In this paper we show that highly skilled illegal migrants may be more likely to return home than migrants with low or no skills when illegality causes skill waste, i.e. reduced ability of making use of individual capabilities both in the labor and the financial markets. This result is in...

The response to the crisis has sparked off an unprecedented and generalized fiscal policy response in (practically) all major industrial and emerging economies. This will change the fiscal and the macroeconomic landscape for some time to come. This paper offers an overview of the new fiscal...