37 Pages Posted: 21 May 2011
Date Written: April 13, 2011
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.
Keywords: Gary S. Becker, immigration, labour markets, policy
JEL Classification: F22, J41, J61, J69
Suggested Citation: 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: https://ssrn.com/abstract=1846567 or http://dx.doi.org/10.2139/ssrn.1846567