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imply a semi-elasticity of native wages to immigration of −0.7 if the extensive margin of labour supply is ignored (the … zeroes of displaced workers are averaged in), and +0.12 on the wages of those who remain working. The effect on immigrant … wages is unambiguously negative. …
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We investigate the relationship between migration and productivity in the UK, using an instrumental variable along the lines suggested by Bianchi, Buonanno and Pinotti (2012). Our results suggest that immigration has a positive and significant impact (in both the statistical sense and more...
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, wages and workforce composition. Jointly estimating production functions and firm- level wage bill equations, we compare … differences and/or effort which is largely reflected in higher wages. Conversely, migrants that are not on skilled visas are … associated with lower output and lower wages than moderately-skilled NZ-born, also consistent with a skills/effort narrative. The …
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The aim of the article is to identify and compare key factors affecting the level of labor productivity, wages, and … wages and indirect taxation influencing the overall price level and the level of investment in the economy. Such conclusions …
Persistent link: https://www.econbiz.de/10011889166
This paper uses individual data on employment and wages to shed light on the UK's productivity puzzle. It finds that … workforce composition cannot explain the reduction in wages and hence productivity that we observe; instead, real wages have … lower capital-labour ratio. We cannot tell whether productivity is driving wages or vice versa, but understanding why wages …
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