What Determines Immigration's Impact? Comparing Two Global Centuries

Timothy James Hatton () and Jeffrey Gale Williamson ()

No 12414, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Can history shed light on the modern debate about immigration%u2019s labor market impact in high wage economies? This paper 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%u2019s impact in the two global centuries, and thus on policy.

JEL-codes: N3 F22 J3 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-his and nep-lab
Date: 2006-08
Note: DAE IFM LS
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Working Paper: What Determines Immigrations' Impact? Comparing Two Global Centuries (2006)
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