As labor has become more mobile in today's world, it is important to understand the income and welfare of nationals regardless of their residence. This paper develops two key concepts, gross migration-corrected product (GMP) and welfare cost of migration, and calculates them using New Zealand data. Growth performance measured by New Zealanders' income has been clearly better than suggested by the GDP. The welfare cost associated with a marginal change in the tax rate appears quite high
Notes
Cover title
"December 2002"--Page 1
Bibliography
Includes bibliographical references (page 31)
Notes
At head of title: Asia and Pacific Department
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