G2TT
来源类型Discussion paper
规范类型论文
来源IDDP13394
DP13394 Immigration and Wage Dynamics: Evidence from the Mexican Peso Crisis
Joan Monras
发表日期2018-12-13
出版年2018
语种英语
摘要How does the US labor market absorb low-skilled immigration? I address this question using the 1995 Mexican Peso Crisis, an exogenous push factor that raised Mexican migration to the US. In the short run, high-immigration locations see their low-skilled labor force increase and native low-skilled wages decrease, with an implied inverse local labor demand elasticity of at least -.7. Mexican immigration also leads to an increase in the relative price of rentals. Internal relocation dissipates this shock spatially. In the long run, the only lasting consequences are a) lower wages and employment rates for low-skilled natives who entered the labor force in high-immigration years, and b) lower housing prices in high-immigrant locations, since Mexican immigrant workers disproportionately enter the construction sector and lower construction costs. I use a quantitative dynamic spatial equilibrium many-region model to obtain the counterfactual local wage evolution absent the immigration shock, to analyze the role of unilateral state level immigrant restrictive laws, and to study the role of housing markets.
主题International Trade and Regional Economics ; Labour Economics
URLhttps://cepr.org/publications/dp13394
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/542204
推荐引用方式
GB/T 7714
Joan Monras. DP13394 Immigration and Wage Dynamics: Evidence from the Mexican Peso Crisis. 2018.
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