Economic Effects of the 2015 European Refugee Crisis on Countries with Highly Developed Economies

Economic Effects of the 2015 European Refugee Crisis on Countries with Highly Developed Economies Benjamin Hool 07 June 2019 Abstract The European Refugee Crisis was a demographic phenomenon which led millions of relatively low-skilled young refugees to flee from the Middle East and Africa into nearby Europe, with a large proportion going into countries with highly developed economies such as Germany and Sweden. This paper examines the extent to which refugees have integrated into the host labor markets since their arrival and the efforts of the host nations to successfully assimilate them in order to make them productive citizens. With consideration of demographic factors such as refugee age distributions, language adoption, and fertility rates, the analysis indicates that the refugees will cause a positive net effect of 0.8 percent and 1.3 percent on the GDP of Germany and Sweden respectively. 1

Economic Effects of the 2015 European Refugee Crisis on Countries with Highly Developed Economies

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