Giovanni, Julian; Levchenko, Andrei A.; Ortega, Francesc - In: Journal of the European Economic Association 13 (2015) 1, pp. 168-202
This paper evaluates the global welfare impact of observed levels of migration using a quantitative multi-sector model of the world economy calibrated to aggregate and firm-level data. Our framework features cross-country labor productivity differences, international trade, remittances, and a...