/year-specific correlated shocks, show that (1) the relative size of the migrant population in the market decreases employment probabilities of … new migrants (negative substitution effect), (2) the employment probability of previous migrants increases those of new … migrants (positive externalities), and (3) when the employment probability of previous migrants approaches to unity, the size …

/year-specific correlated shocks, show that (1) the relative size of the migrant population in the market decreases employment probabilities of … new migrants (negative substitution effect), (2) the employment probability of previous migrants increases those of new … migrants (positive externalities), and (3) when the employment probability of previous migrants approaches to unity, the size …