Economic Growth, Inequality and Migration

During the growth process inequality may rise or decline, and the change in the level of inequality may, in turn, affect growth. An increase in inequality in one place and better prospects of growth and earnings elsewhere can trigger migration. As a result of these close affecting links between factors, each of the 18 studies - a mix of both theoretical and empirical - is concerned with at least two of these issues, and is classified into one of three general parts in accordance with the theme that is mostly emphasized. The main focus of the papers appearing in the first part of the book is inequality and its effects on growth, labour market integration and government policies. The book continues by dealing with migration, its determinants and its possible effect on the host country's output, employment and standard of living. Finally, the authors discuss economic growth and its relationship with trade, capital accumulation and internal and external debts.