Zero Migration Would Harm Advanced Economies -- Market Talk

Dow Jones06-02 23:22

1522 GMT - If all migration flows were to end in 2026, output per capita across advanced economies would take a significant hit, according to estimates by Oxford Economics. A "zero migration" scenario would mean structural decline in output per capita in destination economies, with declines in workforce numbers leading to weaker economic growth and lower living standards, it says. Migration also boosts productivity through knowledge transfer and innovation. "Across advanced economies, immigrants contribute more in taxes and social contributions than they receive in social protection, housing, health, and education spending," Oxford Economics says. The fiscal consequences are particularly severe for ageing advanced economies. Globally, Oxford Economics estimates that halting migration flows would hit global output per capita by around 5% by 2060. (don.forbes@wsj.com)

(END) Dow Jones Newswires

June 02, 2026 11:22 ET (15:22 GMT)

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