World Bank J building
World Bank J building, J Building, Room J1-050

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Event Date Thu Nov 21 EST (about 3 years ago)
Location World Bank J building
J Building, Room J1-050
Region Americas

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.


2019 Speakers

Michael Lokshin
Lead Economist, World Bank

Dilip Ratha
Lead Economist, KNOMAD