Using a novel data set, we find that households with migrants experience a 26% drop in the labor force participation rate in four economies (Armenia, Azerbaijan, the Kyrgyz Republic, and Tajikistan) from the Central Asia and South Caucasus region. It is twice as large for households with...

Building on an analytical model, we provide cross-country empirical evidence that net skilled emigration appreciates bilateral real exchange rates through the wage channel in source countries. Chains of causality in the presence of the Law of One Price run through the "spending effect" and the...

This study examines the effects of the recent influx of Syrian refugees on the Turkish labor market. Exploiting this natural experiment, we estimated the causal impacts of involuntary migration on labor market outcomes. We selected the five refugee-hosting regions with the highest number of...

We examine the effects of the recent influx of Syrian refugees on the Turkish labor market. Exploiting this natural experiment, we estimated the causal impacts of involuntary migration on labor market outcomes. We selected the five refugee-hosting regions with the highest number of refugees as...

Building on an analytical model, we provide cross-country empirical evidence that net skilled emigration appreciates bilateral real exchange rates through the wage channel in source countries. Chains of causality in the presence of the Law of One Price run through the "spending effect" and the...

Using a novel data set, we find that households with migrants experience a 26% drop in the labor force participation rate in four economies (Armenia, Azerbaijan, the Kyrgyz Republic, and Tajikistan) from the Central Asia and South Caucasus region. It is twice as large for households with...

This study examines the effects of the recent influx of Syrian refugees on the Turkish labor market. Exploiting this natural experiment, we estimated the causal impacts of involuntary migration on labor market outcomes. We selected the five refugee-hosting regions with the highest number of...

In this paper we build a theoretical model on the wage effect of skilled emigration to the fluctuations in real exchange rate through the relative prices of nontradables. Our theoretical model predicts that skilled emigration is associated with an increase in the prices of nontradable, which in...