Politicians, the media, and the public express concern that immigrants depress wages by competing with native workers … countries have found no effect on wages, on average, and only modest effects on wage differentials between more and less … educated immigrant and native workers. Native workers’ wages have been insulated by differences in skills, adjustments in local …

Politicians, the media, and the public express concern that immigrants depress wages by competing with native workers … countries have found no effect on wages, on average, and only modest effects on wage differentials between more and less … educated immigrant and native workers. Native workers’ wages have been insulated by differences in skills, adjustments in local …

where they can be more productive. Yet immigration laws severely constrain such movement. …

where they can be more productive. Yet immigration laws severely constrain such movement. …

Traditional models of the labor market typically assume that wages are set by the market, not the firm. However, over … suggest that a monopsonistic model, where individual firms and not the market set wages, may be more appropriate. This model … attributes more wage-setting power to firms, particularly during economic downturns, which helps explain why wages decrease …