paper documents the demographic and fiscal importance of international migration, especially in aging societies, reviews the …

Mexico and the US. First, we find no evidence of long-run wage convergence among cohorts characterized by low migration … convergence for workers with high migration propensities. Finally, we find evidence of convergence in the border of Mexico vis …

The question of whether migration can be an equilibrating force in the labour market is an important criterion for an … new light on this question by comparing pre- and post-crisis migration movements at the regional level in both Europe and … the United States, and their association with asymmetric labour market shocks. We find that recent migration flows have …

of migration in alleviating information imperfections between home and host countries. We show that the impact of … migration on financial flows is strongest where information problems are more acute (that is, for more informational sensitive … information in generating home-bias and as new evidence of the role of migration in reducing information frictions between …

, I show that poor households' entitlement to an exogenous, temporary but guaranteed income stream increases US migration … collateral to finance the migration. The individuals who start migrating because of this income shock belong to households with …. These results suggest that financial constraints to international migration are binding for poor Mexicans, some of whom …