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How to manage migration in an ageing country

With working-age populations projected to decline rapidly, all European countries face an unprecedented demographic challenge. Inflows of regular foreign workers are thus key to support employment and growth. This column argues that Italy, where the demographic decline is particularly sharp, has a lot to learn from its neighbours to make its migration policies more effective […]

Education Employment Featured World

Revisiting the consequences of job displacement

Decades of research have confirmed that job displacement causes significant and persistent earnings losses. This column presents new evidence from workers displaced during firm closures in West Germany between 2000 and 2005 which suggests that these losses are in fact much more heterogeneous than previously documented, and that the large average losses documented in previous […]

trade Climate Environment Featured News

Services trade and environmental sustainability

There is growing recognition that the specific characteristics of services sectors and services trade have important environmental implications. For example, services trade can foster technological advancements and solutions that reduce the environmental footprint of economic activities. This column presents empirical evidence that reducing policy restrictions on imported services inputs lowers the emissions intensity of downstream […]