It will be politically difficult to liberalize international economic migration without some form of compensation for host-country workers. The paper explores the scope for managing migration using a government-regulated competitive market for work permits. We propose that host-county workers should be granted the legal option of renting out their work permits for a period of their choice, while foreigners can purchase taxable time-bound work permits. The proposed market is anonymous, with no need for personalized matchings of those on its two sides. The market can have either one price or be differentiated by occupation or region. There would probably be some losers, but potentially large gains, including through enhanced social protection in host countries. Using its power to tax WPs, the host country can achieve any desired floor to labor earnings. The market for WPs can also provide a new instrument for implementing industrial and regional development policies.

中文翻译：

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工作许可市场

如果不对东道国工人提供某种形式的补偿，在政治上将很难放开国际经济移民。本文探讨了利用政府监管的工作许可竞争市场管理移民的范围。我们建议，应给予东道国工人在其选择的期限内出租工作许可证的合法选择权，而外国人可以购买应纳税的有时限工作许可证。提议的市场是匿名的，不需要对其两侧的人进行个性化匹配。市场可以有一个价格，也可以按职业或地区进行区分。可能会有一些输家，但可能会获得巨大收益，包括通过加强东道国的社会保护。利用其权力对 WP 征税，东道国可以达到任何期望的劳动收入下限。WP 市场还可以为实施工业和区域发展政策提供新的工具。