In this paper, we investigate the consequences of the rise in educational attainment on the US generational accounts. We build on the 1995 accounts of Gokhale et al. (1999) and disaggregate them per schooling level. We show that low skill newborns are characterized by a negative generational...

The potential economic impact of a selective migration policy are widely misunderstood. Three types of agents are affected : the migrants, the population of the leaving country and the natives of the host country. Based on a general equilibrium model with heterogeneous agents, this paper deals...

This paper examines the economic impact of the second great immigration wave (1945- 2000) on the US economy. Contrary to recent studies, we estimate that immigration induced important net gains and small redistributive effects among natives. Our analysis relies on a computable general...