Elgar original reference
Edited by Amelie F. Constant and Klaus F. Zimmermann
With the inescapable progress of globalization, labor markets are bound to become more integrated. The impending demographic disruptions will set in with full force in many countries within the coming years. Climate change, natural disasters and the rise of the BIC countries (Brazil, India, China) will pose additional labor market challenges. Ethnic diversity will continue to gain importance – as both an opportunity and a threat. All of these will eventually require a global reallocation of resources, which will force international and domestic labor markets to undergo major adjustment processes. The strong demand for skilled workers along with the fight against extreme economic inequality, the creation of ‘good’ jobs, and the increased employment of specific groups such as the young, older, female, low-skilled and ethnic minority workers will need scientific monitoring and evaluation, in order to initiate necessary adjustment processes and labor market programs in time. Therefore, migration economics is a fast-growing and exciting research area with very significant and rising policy relevance.