The Social Rate of Return to Investing in Character: An Economic Evaluation of Alberta’s Immigrant Access Fund Microloan Program

Abstract
Skilled immigrants are a key source of labour supply to address the expected labour market shortages in Canada. But immigrants need the accreditation to work at their chosen occupation. However, credential recognition is difficult for many immigrants because they often don’t have access to credit. We analyzed the Immigrant Access Fund (IAF) and estimated how profitable and efficient it is as an investment. IAF is an institution providing small loans on a not-for-profit basis to assist Alberta immigrants in acquiring the Canadian accreditation and training they need to work their field of expertise. We assessed that effectively, each dollar that the government puts towards this program generates $3 or more in GDP. This means that IAF is an efficient program, and it can serve as an example in the improvement of the Canadian immigration policy.
Authors: J. C. Herbert Emery,Ana Ferrer Publication Date: 5/1/2015

Publication Type: Journal Article