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employment-population ratio of natives to test for crowding out at the national level. Third, we analyze occupational upgrading … calculate a positive employment rate effect for most native workers. Even simulations for the most recent 2019-2022 period … suggest small positive effects on wages of non-college natives and no significant crowding out effects on employment …
Persistent link: https://www.econbiz.de/10014528428
Persistent link: https://www.econbiz.de/10013440394
-savings" effect they may leave unaffected, or even increase, total native employment of less skilled workers. Our model also predicts … positive net effect on native employment while offshoring has no effect on it. We also find some evidence that offshoring has …
Persistent link: https://www.econbiz.de/10008680751
innovation output as measured by patent applications. We first estimate a long-run cointegration relation using recently … analyse the impulse response of new ideas to a shock to R&D or to a shock to innovation by estimating an error correction … mechanism. We find that internationally generated ideas have a very significant impact in helping innovation in a country. As a …
Persistent link: https://www.econbiz.de/10005666419
In this chapter, we analyze immigration and its effect on urban and regional economies focusing on productivity and labor markets. While immigration policies are typically national, the effects of international migrants are often more easily identified on local economies. The reason is that...
Persistent link: https://www.econbiz.de/10014025309
This paper characterizes the optimal time path of R&D and capital subsidization. Starting from the steady state under current R&D subsidization in the US, the R&D subsidy should significantly jump upwards and then slightly decrease over time. There is a small loss in welfare, however, from...
Persistent link: https://www.econbiz.de/10010870991
We combine growth theory with US Census data on individual schooling and wages to estimate the aggregate return to human capital and human capital externalities in cities. Our estimates imply that a one year increase in average schooling in cities increases their aggregate labour productivity by...
Persistent link: https://www.econbiz.de/10005661504
We investigate the existence of wage premium due to cultural diversity across US cities. Using census data from 1970 to 1990, we find that at the urban level richer diversity is systematically associated with higher average nominal wages for white US-born males. We measure cultural diversity in...
Persistent link: https://www.econbiz.de/10005661674
Identification of the strength of human capital externalities at the aggregate level is still not fully understood. The existing method may yield positive or negative externalities even if wages reflect marginal social products. We propose an approach that yields positive average human capital...
Persistent link: https://www.econbiz.de/10005667099
We use data on wages and rents in different US cities to assess the amenity effects on production and consumption of cultural diversity as measured by diversity of countries of birth of city residents. We show that US-born citizens living in metropolitan areas where the share of foreign-born...
Persistent link: https://www.econbiz.de/10005792376