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...