The Independent Authority for Fiscal Responsibility (AIReF) today held its third seminar on structural issues with an impact on the sustainability of public finances, this time focusing on immigration, the labour market and the outlook for the evolution of participation rates.
AIReF inaugurated this series of seminars back in October with the aim of complementing its own analyses with a view to updating the Opinion on Long-term Sustainability that AIReF will publish in March 2025. The cycle has a total of four sessions: the outlook for the evolution of productivity; the implications of the labour reform on employment and productivity; immigration, the labour market and the outlook for the evolution of participation rates and the impact of increases in the minimum wage (SMI) on contributions and employment.
In the third session, AIReF’s Economic Analysis Division began by introducing the work being carried out by AIReF to analyse the effects of immigration and project participation rates. This was followed by three presentations. Firstly, Jesús Fernández-Huertas, a Full Professor at the Carlos III University of Madrid, spoke about the predictions of international migratory flows obtained with gravity models. Secondly, Raquel Carrasco, a Full Professor at the University Carlos III of Madrid and FEDEA Researcher, gave a presentation on the analysis of some economic effects of immigration in Spain. Lastly, Joan Llull, a Research Professor at the Institute of Economic Analysis (TEA-CSIC) and Associate Research Professor at the Barcelona School of Economics, spoke about immigration, human capital and the labour market.
Next January, the fourth and last session of this series of seminars will be held, given over to the impact of increases in the minimum wage (SMI) on contributions and employment.
