This chapter argues that migration has the potential to be the strongest equaliser of the economic circumstances of individuals across different labour markets. I review the conceptual and empirical arguments behind the idea that migration can generate economic adjustment. I discuss the importance of migration both in prosperous times and in times of economic downturn. In the final part of this chapter, I discuss some empirical evidence on the effectiveness of migration during the deepest economic crises since the mid-1990s, namely the East Asian economic crisis in Indonesia in 1998 and the Great Recession in the US in the late 2000s.
You are not authenticated to view the full text of this chapter or article.
Get access to the full article by using one of the access options below.