In this paper, we investigate how changes in the skill mix of local labor supply are absorbed by the economy. We distinguish between three adjustment mechanisms: through factor prices, through an expansion in the size of those production units that use the more abundant skill group more...

In this paper, we investigate how changes in the skill mix of local labor supply are absorbed by the economy. We distinguish between three adjustment mechanisms: through factor prices, through an expansion in the size of those production units that use the more abundant skill group more...

In the midst of heated debates over how tightly to secure the Southern border against an influx of unlawful migrants, businesses and consumers in the United States are relegated to the sidelines to await yet another ineffective and potentially harmful immigration reform proposal. The problem...