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http://ssrn.com/abstract=1846567
 
 

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The Challenge of Immigration: A Radical Solution


Gary S. Becker


University of Chicago - Department of Economics; University of Chicago - Booth School of Business

Diane Coyle


Department of Economics

April 13, 2011

Institute of Economic Affairs Monographs Occasional Paper No. 145

Abstract:     
How can market-based solutions help solve the challenges of immigration? Nobel Prize winner Prof. Gary Becker, in this IEA Occasional Paper, proposes a radical policy which, if implemented by the coalition government, could raise over £600 million a year.

Prof. Becker proposes that visas to work in the UK should be sold off. The coalition’s immigration cap scheme could be amended using this proposal to ensure that the most suitable immigrants are allowed in. The people willing to pay the most to live in the UK are likely to be the same people who would contribute most to our economy.

Number of Pages in PDF File: 37

Keywords: Gary S. Becker, immigration, labour markets, policy

JEL Classification: F22, J41, J61, J69

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Date posted: May 21, 2011  

Suggested Citation

Becker, Gary S. and Coyle, Diane, The Challenge of Immigration: A Radical Solution (April 13, 2011). Institute of Economic Affairs Monographs Occasional Paper No. 145. Available at SSRN: http://ssrn.com/abstract=1846567 or http://dx.doi.org/10.2139/ssrn.1846567

Contact Information

Gary S. Becker (Contact Author)
University of Chicago - Department of Economics ( email )
1126 East 59th Street
Chicago, IL 60637
United States
University of Chicago - Booth School of Business
5807 S. Woodlawn Avenue
Chicago, IL 60637
United States
Diane Coyle
Department of Economics ( email )
Arthur Lewis Building
Oxford Road
Manchester, M13 9PL
United Kingdom
HOME PAGE: http://www.enlightenmenteconomics.com
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