The Challenge of Immigration: A Radical Solution
Gary S. Becker
University of Chicago - Department of Economics; University of Chicago - Booth School of Business
University of Manchester Department of Economics
April 13, 2011
Institute of Economic Affairs Monographs Occasional Paper No. 145
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
Date posted: May 21, 2011