Immigrants during two global centuries : rising quantity and falling quality -- A framework -- Looking at local labor markets -- Immigration shocks and labor market absorption : two modern examples -- Immigrants, wages, and inequality : the global centuries compared -- Policy and the demise of...

Can history shed light on the modern debate about immigration%u2019s labor market impact in high wage economies? This paper examines the relationship between migration and capital flows in the age of mass migration before 1914, the so-called first global century. It then assesses the effects of...

Can history shed light on the modern debate about immigration's labor market impact in high wage economies? This paper examines the relationship between migration and capital flows in the age of mass migration before 1914, the so-called first global century. It then assesses the effects of...