Video Vox

The immigration debate has focused on immigrants’ net fiscal impact – whether they receive more in welfare payments and other benefits than they pay back in taxes. This column summarises research showing that – contrary to popular belief – immigrants who arrived in the UK since 2000 have contributed far more in taxes than they have received in benefits. Compared with natives of the same age, gender, and education level, recent immigrants are 21% less likely to receive benefits. 

Edmund Phelps 03 September 2014

At the Lindau meeting of Nobel laureates and young economists this week, Edmund Phelps argued that a loss of dynamism in the western world is stalling innovation, reducing productivity growth and threatening future prosperity. In this wide-ranging interview with Mark Thoma, they discuss his ideas, as well as inequality, austerity and graduate economics education.

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