immigrants' wages are the lowest of all workers due to their ineligibility for unemployment benefits and lower wage bargaining …, resulting in gains in terms of both employment and wages for natives, which does not hold for documented immigration. Stricter … effect if it targets employed workers because this leads to a risk premium in their wages. Finally, I present empirical …

we derive from a job search model estimated on observed wages and worker mobility flows. About 55 percent of job ads …