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The Missing Market for Work Permits / Michael Lokshin.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Lokshin, Michael.
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Employment.
- International Migration.
- Labor Law.
- Labor Market.
- Labor Markets.
- Labor Policies.
- Poverty Reduction.
- Right-To-Work.
- Social Protection.
- Social Protections and Labor.
- Universal Basic Income.
- Work Permit.
- Local Subjects:
- Employment.
- International Migration.
- Labor Law.
- Labor Market.
- Labor Markets.
- Labor Policies.
- Poverty Reduction.
- Right-To-Work.
- Social Protection.
- Social Protections and Labor.
- Universal Basic Income.
- Work Permit.
- Physical Description:
- 1 online resource (18 pages)
- Place of Publication:
- Washington, D.C. : The World Bank, 2019.
- System Details:
- data file
- Summary:
- Citizens have a right to accept any job offer in their country, but that right is not marketable or automatically extended to foreigners. Yet, some citizens have useful things to do if they could rent out their right-to-work, and there are foreigners who would value the new options for employment. Thus, there is a missing market. A solution is to allow people to rent out their right-to-work for a period of their choice. On the other side of the market, foreigners could purchase time-bound work permits. The market would no longer be missing. This paper formulates and studies this policy proposal.
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