Demystifying the impact of migrants on public finances and labor markets
Update: 2024-10-31
Description
Despite the common perception of migrants as a drain on resources, OECD data reveals that migrants contribute positively to public finances in most advanced economies. In a recent Future is Blue interview, Ana Damas de Matos, OECD senior policy analyst, explained how migrants support aging populations, add to the labor market, and contribute more in taxes and social security than they receive in services. With effective integration policies, countries can further boost the economic benefits of migration, proving that migrants play a vital role in sustaining and strengthening host economies.
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