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 …

admission of immigrants into Germany has contributed to the country being the second largest immigration destination in the … immigration on natives' hourly wages and employment was examined, by using microdata for Germany. Native workers' educational …