The Covid-19 Shock: Effects on the Migrant Labour Force and Remittances

By: Dr. Zsoka Koczan and Dr. Alexander Plekhanov
In this article, we examine the likely effects of the pandemic on employment for immigrants and, in turn, on remittances. Although immigration to advanced economies generally receives more attention, it is important to note that emerging markets and developing economies host almost half of the world’s migrants. Motivated by this, we zoom in on a group of select emerging markets with significant migrant populations in south-eastern Europe and Russia (looking at the experiences of migrants predominantly from Central Asia and the Caucasus in Russia, from Bosnia and Herzegovina in Croatia, Montenegro and Serbia, and Albanians in Greece). In turn, we look at how these shocks are transmitted to the migrants’ home countries through remittance flows.