Timing Matters: Integration Policies and Local Wealth

Mario F. Carillo (), Lavinia Piemontese () and Francesco Flaviano Russo ()
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Mario F. Carillo: Universitat Autonoma de Barcelona, IPEG and CSEF
Lavinia Piemontese: Bocconi University, Unit CLEAN, BAFFI, https://clean.unibocconi.eu/people/researchers/lavinia-piemontese
Francesco Flaviano Russo: Università di Napoli Federico II and CSEF, https://csef.it/people/francesco-flaviano-russo/

CSEF Working Papers from Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy

Abstract: This paper examines the impact of migrant integration policies on local wealth, with a focus on the timing of their implementation. Leveraging a unique policy measure that converted centers providing temporary reception for refugees into centers aimed at integrating them in the hosting society, we conduct an event study analysis. Our findings reveal that the timing of integration policy is important: implementation during heightened public attention to immigration negatively impacts local wealth. By contrast, integration interventions implemented during periods of low attention have no impact on wealth. Our findings highlight that the backlash effect of integration policy estimated in the literature might be largely explained by extreme public perceptions of the migration crisis.

Keywords: correlation neglect; bounded rationality; violations of first order stochastic dominance. (search for similar items in EconPapers)
Date: 2024-11-15
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Persistent link: https://EconPapers.repec.org/RePEc:sef:csefwp:738

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