V4 Assessment of the Economic Benefits of National Immigration Efforts

Abstract

This study examines the economic interests of migrant workers in V4 countries, the importance of proper management of migration flows (which can significantly affect a country by increasing labour productivity, developing demographics, and the sustainability of pension systems economic development). Based on statistical data and mathematical calculations, an evaluation system for the economic benefits of immigration in the V4 regional labour market and selected macroeconomic indicators are proposed. In addition, it shows the educational and professional preparation costs saved by these workers, as well as the income generated by immigrants from GDP or VAT. Finally, it assesses the current account and shows further benefits from savings in health and social care costs, childcare during career preparation, income tax and consumption tax receipts, , also includes payments to social and health insurance providers from immigrants’ wages. A major advantage of labour migration is that it offers huge potential for economic and social development.