|AAAE Event: Herb Emery - January 12|
WHAT: The economic impact of return migration from Alberta to New Brunswick: Implications for growth promoting policy
New Brunswick (NB) experiences substantial outmigration of its residents, and since 2003, Alberta and Saskatchewan (AB/SK) have emerged as top destinations for out-migrants. However, little is known about the correlates of return migration and the earnings “consequences” of return migration for both the migrant and the home economy. Using taxfiler data from Statistics Canada, we investigate whether a selection of 18,000 NB residents who migrated to AB/SK between 2001 and 2008 have comparable characteristics and earnings to both NB workers who remained in AB/SK and workers who stayed in NB. A comparison of earnings before and after migration shows that return migrants did not experience any earnings gains that exceeded those of New Brunswickers who never left the province, which agrees with the OECD assessment (2008) that return migration is not likely to drive economic growth. The results of our analysis suggest that policies aimed at increasing marketable human capital through training and experience will not cause an increase in the incomes of individuals living in NB. Policies aimed at increasing the number of return migrants or immigrants will not cause growth of the economy. What will increase GDP, immigration and return migration in NB are policies and institutions aimed at increasing labour demand through increased investment in capital stocks and technical progress. The improvement in labour market conditions will result in more migration to NB and more retention of population.
WHO: Herb Emery (PhD University of British Columbia) is Professor of Economics and the Vaughan Chair in Regional Economics at the University of New Brunswick in Fredericton. Formerly the Research Director and Program Director, Health Policy at The School of Public Policy at the University of Calgary, he has been the Svare Professor in Health Economics, a joint appointment with the Department of Economics and the Department of Health Sciences, Faculty of Medicine at the University of Calgary. From 2010 to 2015, Dr. Emery was the Editor of Canadian Public Policy, Canada’s foremost journal examining economic and social policy. His research interests and publications are focused on economic history, labour economics and health economics.
WHEN: Friday, January 12th, 2018, Noon to 1:45pm (Atlantic Standard Time)
WHERE: Bank of Canada Boardroom, Bank of Canada Regional Office, 13th Floor, 1701 Hollis St., (Founders Square), Halifax, Nova Scotia
COST: Members: $10, Non-Members: $20 (A light lunch will be provided)
CONFERENCE CALL: A teleconference call option is available for those living outside of Halifax. The cost is the same as for in-person attendance.
REGISTRATION: Seating is limited and spaces will be reserved until we reach capacity. Visit the CABE Store to register for this event. You must register no later than 5pm Wednesday 10th January.
UPCOMING EVENTS: Please mark your calendar for the following AAAE events:
|Location Bank of Canada Atlantic Regional Office
1701 Hollis St., 13th Floor