A Capital Mistake? The Neglected Effect of Immigration on Average Wages

Declan Trott

ANU Working Papers in Economics and Econometrics from Australian National University, College of Business and Economics, School of Economics

Abstract: Much recent literature on the wage effects of immigration assumes that the return to capital, and therefore the average wage, is unaffected in the long run. If immigration is modelled as a continuous flow rather than a one off shock, this result does not necessarily hold. A simple calibration with pre-crisis US immigration rates gives a reduction in average wages of 5%, larger than most estimates of its effect on relative wages.

JEL-codes: F22 J31 J61 (search for similar items in EconPapers)
Pages: 10 Pages
Date: 2011-05
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Related works:
Journal Article: A capital mistake? The neglected effect of immigration on average wages (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:acb:cbeeco:2011-544

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