More than half of the world’s migrants (55 per cent or 128 million people) live in the G20 countries, and remittances to and from G20 countries account for almost 80 per cent of global remittance flows. Migrants today are younger and better educated, and women are increasingly migrating for employment, with domestic work being a major occupation. While the economic downturn contributed to a decline by 10 percent in migration flows to G20 countries in in recent years, aging populations and declining labour forces in most G20 advanced economies and some large emerging economies suggest that migrant workers will have an important role in maintaining labour supply and in filling labour shortages and social protection funds. Evidence suggests that in most countries migrants pay more in taxes and social contributions than they receive, and contribute substantially to destination countries’ economies by providing the labour and skills needed in critical occupations and sectors. Across the advanced countries, the number of highly- educated immigrants has increased rapidly over the past decade, which has important implications for productivity and innovation. Migrants could also play a role in facilitating trade and investment flows. Through the contribution of remittances, child labour could be reduced and schooling financed. Return migrants have the potential to make a positive contribution to the economic development in their countries of origin through the human, social and financial capital acquired abroad.
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Publisher:
ILO, WB
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(2015
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Type / Script:
Progress Report
in English
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Keywords:
LABOUR, LABOUR MARKET, LABOUR MOBILITY, LABOUR COSTS, OCCUPATIONAL MOBILITY, LABOUR ECONOMICS, MIGRANT WORKERS, MIGRANTS, WOMEN MIGRANTS, IMMIGRANTS, WORKING CONDITIONS, DECENT WORK, EMPLOYMENT, CHILD LABOUR, MIGRATION, REMITTANCES, EDUCATION, ECONOMIC GROWTH, ECONOMIC DEVELOPMENT, EMIGRATION, SOCIAL PROTECTION, SOCIAL SECURITY, EMPLOYERS, DEVELOPMENT, RECRUITMENT
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Thematic Group:
ILO
:
International Labor & Labor
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Thesaurus:
02.02.00
- Economic Conditions
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Reference Link:
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