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Population Survey (CPS). The dynamic responses to immigration shocks are estimated in a vector autoregression. Immigration shocks …, as well as technology shocks are identified through long-run restrictions. The responses to immigration shocks are … consistent with standard growth theory. Investment increases, while real wages fall in the short run. Overall, immigration has …
Persistent link: https://www.econbiz.de/10012267700
Population Survey (CPS). The dynamic responses to immigration shocks are estimated in a vector autoregression. Immigration shocks …, as well as technology shocks are identified through long-run restrictions. The responses to immigration shocks are … consistent with standard growth theory. Investment increases, while real wages fall in the short run. Overall, immigration has …
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The theoretical literature argues that labor markets outcomes are affected by real minimum wages. Real minimum wages, however, co-move with the business cycle; their correlation with labor market outcomes should therefore not be interpreted causally. We employ structural vector autoregression to...
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The paper studies a fiscal policy instrument that can reduce fiscal distortions, without affecting revenues, in a politically viable way. The instrument is a private contract (tax buyout), offered by the government to each individual citizen, whereby the citizen can choose to pay a fixed price...
Persistent link: https://www.econbiz.de/10008657187