natives' wages, and that skilled immigration can actually increase them. We develop a model with regional labor markets and … migrants are perfect substitutes within a firm. In this setting, a skilled labor supply shock due to immigration has two … wage adjustments. Second, the average native's wage can be partially sheltered from the negative effect of immigration …

We document a steady decline in low-skilled immigration that began with the onset of the Great Recession in 2007, which … estimate a stochastic growth model with endogenous immigration and training to account for these facts and study macroeconomic … performance and welfare. Lower immigration leads to higher wages for low-skilled workers and higher consumer prices. Importantly …

immigration and a decline in collective bargaining successfully explain occupational employment patterns during the 1990s. …

. However, the growth impact of immigration is small even in countries that have highly selective migration policies. …