Heterogeneous Capital Ownership, Partial Democracy and Political Support for Immigration

Subhayu Bandyopadhyay and Devashish Mitra

No 2024-035, Working Papers from Federal Reserve Bank of St. Louis

Abstract: This paper analyzes and compares equilibrium immigration levels of some popular political economy models in the context of unequal capital holdings. We show that immigration rises (falls) with inequality in a limited (inclusive) democracy where only a small (large) fraction of the population has voting rights. Furthermore, we highlight the similarities between a campaign-contributions model and a partial-democracy model in terms of their predictions about immigration policy. In particular, we show that extension of voting rights in a partial democracy has qualitatively similar implications on immigration policy as reducing the relative weight on campaign contributions.

Keywords: legal immigration policy; inequality in capital ownership; partial democracy; voter support for immigration; campaign contributions; lobbying (search for similar items in EconPapers)
JEL-codes: F22 F66 J61 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2024-10-15
New Economics Papers: this item is included in nep-cdm, nep-mac, nep-mig and nep-pol
Note: Publisher URL: http://www.accessecon.com/Pubs/EB/2024/Volume44/EB-24-V44-I4-P119.pdf
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Published in Economics Bulletin

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DOI: 10.20955/wp.2024.035

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