|Event Date||Thu Nov 21 EST (about 3 years ago)|
World Bank J building
J Building, Room J1-050
A new World Bank policy research working paper, The Missing Market for Work Permits, points out that restrictions on international migration generate a missing market in work permits, with important policy implications.
While citizens have a right to accept any job offer in their country, that right is not marketable nor extended to foreigners. There is a missing market. One solution is to allow people to rent out their right-to-work for a period of their choice. On the other side of the market, foreigners can purchase time-bound work permits. Better social protection in host countries would thus be financed by tapping into unexploited gains from international migration.
Lead Economist, World Bank
Lead Economist, KNOMAD