| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5067 |
| DP5067 Is It Trust we Model? An Attempt to Calculate the Non-Calculative | |
| Stephanie Rosenkranz; Utz Weitzel | |
| 发表日期 | 2005-05-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | This paper examines the behaviour of prices following the unexpected arrival of a large number of Former Soviet Union (FSU) immigrants to Israel during 1990. The paper uses store-level price data on 915 CPI products to show that the increase in aggregate demand prompted by the arrival of the FSU immigration significantly reduced prices during 1990. Controlling for native population size, city and month effects, a one percentage point increase in the ratio of immigrants to natives in a city decreases prices by 0.5 percentage point on average. It is argued that this negative immigration effect is consistent with the arrival of new consumers - the FSU immigrants - having higher price elasticities and lower search costs than the native population. Thus, immigration can have a moderating effect on inflation through its direct effect on product markets, and not only by increasing the supply of labour. |
| 主题 | Industrial Organization |
| 关键词 | Demand changes Price changes Search Immigration |
| URL | https://cepr.org/publications/dp5067 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533963 |
| 推荐引用方式 GB/T 7714 | Stephanie Rosenkranz,Utz Weitzel. DP5067 Is It Trust we Model? An Attempt to Calculate the Non-Calculative. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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