Despite the bulk of international migrants being youth, little is known about the factors driving young people’s migration behavior at the global level. Using the individual-level survey data from Gallup World Poll across 139 countries over the period 2010–2016, this study contributes to the literature by exploring a wide range of factors potentially shaping young people’s (aged 15–34) desire, and a more concrete plan, to migrate abroad permanently. Results show that factors, such as holding post-secondary education, being unemployed, and working part-time involuntary, are increasing the desire of youth to migrate abroad as well as the probability that they turn this aspiration into a more concrete plan over the following year. Similarly, having negative expectations about the economic outlook, the number of available job opportunities, and the prospects for upward career mobility are found to increase the propensity to migrate abroad, both among unemployed and employed youth. Results also show that material deprivation may represent a significant push factor behind youth migration, although budgetary constraints may prevent youth from transforming their migration desires into actual plans in low-income countries. Moreover, findings suggest that contextual factors, such as discontent with local amenities and national governments, increase the desire of youth to migrate abroad, but they have little or no influence on the probability that these dreams are turned into more concrete plans. Finally, this study shows that while youth’s and adults’ migration propensities are often driven by the same motives, the influence of education and labor market-related factors on migration intentions is considerably stronger among youth than adults.
The chapter provides an overview of the labour market challenges posed by a fast ageing global population. It shows that, while the ratio of potential retirees per person participating in the labour market is expected to increase markedly by 2030, the average age of those in the labour force is also set to gradually increase over the same period. These dynamics pose the dual challenge of keeping retirees out of poverty while promoting decent work outcomes for the growing share of older workers in the labour force. The chapter concludes by highlighting a number of policy options to tackle these challenges.
The paper explores the relationship between statutory top marginal tax rates on personal income and long-run economic growth. While theoretical models of endogenous growth explicitly allow for nonlinear effects of taxation on economic growth, the majority of existing empirical studies assume a linear association. By contrast, this paper investigates both a linear and a non-monotonic relationship between top tax rates and GDP growth. Using a panel of 18 OECD countries over the period 1960-2009, this paper finds support in favor of a quadratic top tax-growth relationship. Results are robust to different model specifications and estimation techniques. The point estimates of the regressions suggest that the marginal effect of higher top tax rates becomes negative above a growth maximizing tax rate on the order of 60 percent. The quadratic relationship found for the whole sample period does not hold over the period 1975-2009. Instead, the link between top tax rates and GDP growth after 1975 is well summarized by a linear and positive top tax-growth relationship. Since, top marginal tax rates after 1975 are often below the estimated growth maximizing level, such a result suggest that the top tax-growth relationship after 1975 might be placed on the upward-sloping side of the "growth-hill". There is an even stronger positive top tax-growth relationship after 1985, when average top tax rates across OECD are lower than 50%.
Against the backdrop of a rather disappointing economic performance in 2016 and the below‐trend outlook for 2017, Chapter 1 assesses the ability of the economy to (i) generate a sufficient number of jobs, (ii) improve the quality of employment for those with a job, and (iii) ensure that the gains of growth are shared in an inclusive manner. The chapter also discusses the policy efforts needed to overcome structural impediments to growth, including inequality.
This Chapter investigates the long‐term trends in the reallocation of employment across sectors, and assesses their implications for overall working conditions and employment arrangements. Results show that differences in working conditions are sizeable across sectors, so that employment shifts across sectors have the potential to change the quality of employment. However, improvements along this dimension hinge on the assumption that transitioning workers are able to find jobs with better working conditions, which is by no means guaranteed.
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