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The Analytics of the Wage Effect of Immigration
Borjas, George J. - 2009
The theory of factor demand has important implications for the study of the impact of immigration on wages. This paper … theory can be used to check the plausibility of the many contradictory claims that appear throughout the immigration …
Persistent link: https://www.econbiz.de/10012463851
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Optimal Gradualism
Lehr, Nils H.; Restrepo, Pascual - National Bureau of Economic Research - 2022
This paper studies how gradualism affects the welfare gains from trade, technology, and reforms. When people face adjustment frictions, gradual shocks create less adverse distributional effects in the short run. We show that there are welfare gains from inducing a more gradual transition via...
Persistent link: https://www.econbiz.de/10013477247
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Social Ties and the Job Search of Recent Immigrants
Goel, Deepti - 2009
We show that increasing the probability of obtaining a job offer through a network should raise the observed wages of workers in jobs found through formal channels relative to those in jobs found through the network. This prediction holds at all percentiles except the highest and lowest. The...
Persistent link: https://www.econbiz.de/10012463463
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Attenuation Bias in Measuring the Wage Impact of Immigration
Aydemir, Abdurrahman - 2010
Although economic theory predicts an inverse relation between relative wages and immigration-induced supply shifts, it … increase existing estimates of the wage impact of immigration …
Persistent link: https://www.econbiz.de/10012462426
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Sticky Information in General Equilibrium
Mankiw, N. Gregory - 2006
This paper develops and analyzes a general-equilibrium model with sticky information. The only rigidity in goods, labor, and financial markets is that agents are inattentive, sporadically updating their information sets, when setting prices, wages, and consumption. After presenting the...
Persistent link: https://www.econbiz.de/10012466056
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The Labor Market Consequences of Refugee Supply Shocks
Borjas, George J. - 2016
The continuing inflow of hundreds of thousands of refugees into many European countries has ignited much political … the early 1990s; and the exodus of refugees from the former Yugoslavia during the long series of Balkan wars between 1991 … and 2001. We use a common empirical approach, derived from factor demand theory, and publicly available data to measure …
Persistent link: https://www.econbiz.de/10012456024
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Cognitive Mobility : Labor Market Responses to Supply Shocks in the Space of Ideas
Borjas, George J. - 2012
Knowledge producers conducting research on a particular set of questions may respond to supply and demand shocks by shifting resources to a different set of questions. Cognitive mobility measures the transition from one location to another in idea space. We examine the cognitive mobility flows...
Persistent link: https://www.econbiz.de/10012460046
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How Migration Can Change Income Inequality?
Razin, Assaf - 2016
Motivated by the unique experience of Israel of a supply-side shock of skilled migration, and the concurrent rise in … disposable income inequality, this paper develops a model which can explain the mechanism through which a supply-side shock of …
Persistent link: https://www.econbiz.de/10012456484
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An Exploration of Optimal Stabilization Policy
Mankiw, N. Gregory - 2011
This paper examines the optimal response of monetary and fiscal policy to a decline in aggregate demand. The theoretical framework is a two-period general equilibrium model in which prices are sticky in the short run and flexible in the long run. Policy is evaluated by how well it raises the...
Persistent link: https://www.econbiz.de/10012461600
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Incomplete Markets and Aggregate Demand
Werning, Iván - 2015
I study aggregate consumption dynamics under incomplete markets, focusing on the relationship between consumption and the path for interest rates. I first provide a general aggregation result under extreme illiquidity (no borrowing and no outside assets), deriving a generalized Euler relation...
Persistent link: https://www.econbiz.de/10012457220