We document a steady decline in low-skilled immigration that began with the onset of the Great Recession in 2007, which … estimate a stochastic growth model with endogenous immigration and training to account for these facts and study macroeconomic … performance and welfare. Lower immigration leads to higher wages for low-skilled workers and higher consumer prices. Importantly …

The debate over the wage effects of immigration for native workers is an old one. One side of the debate claims that … immigration has little if any negative impact on wages among natives, whereas others suggest that immigration has large, negative … of the US economy and estimates a wage elasticity of -0.4 with respect to immigration. In this paper, we replicate and …

The debate over the wage effects of immigration for native workers is an old one. One side of the debate claims that … immigration has little if any negative impact on wages among natives, whereas others suggest that immigration has large, negative … of the US economy and estimates a wage elasticity of -0.4 with respect to immigration. In this paper, we replicate and …