It is now well known that exogenous immigration shocks tend to have benign effects on native employment outcomes, thanks to various secondary adjustment processes made possible by flexible markets. One adjustment process that has received scant attention is that immigrants, as consumers of the...

It is now well known that exogenous immigration shocks tend to have benign effects on native employment outcomes, thanks to various secondary adjustment processes made possible by flexible markets. One adjustment process that has received scant attention is that immigrants, as consumers of the...

Over the last forty years, researchers have shown that for developed economies individual happiness has not changed as real per capita income grew. The seminal work by Schwartz et al. (2002) suggests that this phenomenon can be partially explained by maximizing behavior. This article adds to the...