What Determines Immigrations' Impact? Comparing Two Global Centuries

Timothy James Hatton () and Jeffrey Gale Williamson ()

No 5885, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: This paper asks whether history can shed light on the modern debate about immigration's labour market impact in high wage economies. It examines the relationship between migration and capital flows in the age of mass migration before 1914, the so-called first global century. It then assesses the effects of immigration on wages and employment with and without international capital mobility in first global century and today, that is, the second global century. The paper then explores the links between these economic relationships and immigration policy. It concludes with an explanation for the apparent difference in immigration's impact in the two global centuries, and thus on policy.

Keywords: capital mobility; history; immigration; labour market impact; policy (search for similar items in EconPapers)
JEL-codes: F22 J1 O15 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev, nep-his and nep-ltv
Date: 2006-10
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Working Paper: What Determines Immigration's Impact? Comparing Two Global Centuries (2006)
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