Immigration Policy, Equilibrium Unemployment, and Underinvestment in Human Capital

Christian Lumpe and Benjamin Weigert

LABOUR, 2009, vol. 23, issue 1, 97-130

Abstract: We analyse the impact of different immigration policies on human capital investment in a search‐theoretic model. This class of models features unemployment and underinvestment in human capital. The underinvestment in human capital can be solved by combining immigration policy with appropriate education subsidies. Extending the model with respect to different skill groups allows to analyse the observed bimodal skilled immigration of the USA.

Date: 2009
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https://doi.org/10.1111/j.1467-9914.2008.00435.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:labour:v:23:y:2009:i:1:p:97-130

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