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During the Age of Mass Migration (1850-1913), the US maintained an open border, absorbing 30 million European immigrants. Prior cross-sectional work on this era finds that immigrants initially held lower-paid occupations than natives but experienced rapid convergence over time. In...
Persistent link: https://www.econbiz.de/10012460649
global century. It then assesses the effects of immigration on wages and employment with and without international capital …
Persistent link: https://www.econbiz.de/10012466251
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
find that policy uncertainty raises stock price volatility and reduces investment and employment in policy … foreshadow declines in investment, output, and employment in the United States and, in a panel VAR setting, for 12 major …
Persistent link: https://www.econbiz.de/10012457036
The underlying data from which the U.S. unemployment rate, labor-force participation rate, and duration of unemployment are calculated contain numerous internal contradictions. This paper catalogs these inconsistencies and proposes a unified reconciliation. We find that the usual statistics...
Persistent link: https://www.econbiz.de/10012481589
population, including the first national estimates of income, employment, and safety net participation based on administrative …), veterans' benefits, housing assistance, and mortality. Nearly half of these adults had formal employment in the year they were …
Persistent link: https://www.econbiz.de/10014528363
Persistent link: https://www.econbiz.de/10000051725
This paper and its companion study, Fehr, Jokisch, and Kotlikoff (2004), develop a three-region dynamic general equilibrium life-cycle model to analyze general and skill-specific immigration policy during the demographic transition. The three regions are the U.S., Japan, and the EU. Immigration...
Persistent link: https://www.econbiz.de/10012468181
The developed word stands at the fore of a phenomenal demographic transition. Over the next 30 years the number of elderly in the U.S., the EU, and Japan will more than double. At the same time, the number of workers available to pay the elderly their government-guaranteed pension and health...
Persistent link: https://www.econbiz.de/10012468598
Over the years, there emerged two key policy differences between Europe and America, both welfare and migration-states. The former has more generous welfare state and more liberal migration policies than the latter. In this paper we attempt to provide a political-economy explanation for these...
Persistent link: https://www.econbiz.de/10012458218