The Dynamic Effects of Changes to Japanese Immigration Policy

Ryne Belliston, Scott Bradford () and Kerk L. Phillips
Additional contact information
Ryne Belliston: Department of Economics, Brigham Young University
Kerk L. Phillips: Department of Economics, Brigham Young University

No 2014-02, BYU Macroeconomics and Computational Laboratory Working Paper Series from Brigham Young University, Department of Economics, BYU Macroeconomics and Computational Laboratory

Abstract: This paper constructs a single-sector dynamic stochastic general equilibrium (DSGE) model for a trading economy. We are able to examine the effects on output, consumption, factor prices, and utility. We do this for both steady states and for transition paths. By including macroeconomic shocks, we are able to calculate confidence bands around our policy impulse response functions. We find that while the effects of immigration are likely to be observable in aggregate data, the welfare effects on households of all types is small relative to the natural fluctuations in utility coming from economic fluctuations at business cycle frequencies. The effects are also small relative to the upward trend in utility due to technical progress. We find that household utility rises most for immigration policies that favor skilled immigrants, though different types of domestic households will favor slightly different policies.

Keywords: labor migration; factor mobility; dynamic general equilibrium; Japan (search for similar items in EconPapers)
JEL-codes: F15 F22 F42 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2014-03
New Economics Papers: this item is included in nep-dge and nep-mig
References: View references in EconPapers View complete reference list from CitEc
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https://docs.google.com/file/d/0B6KGaihAO5TJQWRiWTdsbC0xb0U/edit First version, 2014 (application/pdf)

Related works:
Journal Article: Dynamic effects of changes to Japanese immigration policy (2021)
Working Paper: The Dynamic Effects of Changes to Japanese Immigration Policy (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:byu:byumcl:201402

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