Mandelman, Federico S.; Yu, Yang; Zanetti, Francesco; … - 2024
We document a slowdown in low-skilled immigration that began around the onset of the Great Recession in 2007, which was … associated with a subsequent rise in low-skilled wages, a decline in the skill premium, and labor shortages in service … show that the shortage of low-skilled immigrant labor amplified the increase in consumer prices, partially eroding the …