| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP13394
|
| 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
|
| URL | https://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.
|
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
