Immigrants have become a lightning rod for the resentment of native-born taxpayers who disapprove of extra spending on social services.

Employers strapped for labor have turned to immigrants to fill jobs spurned by many natives

A modification of existing sticky-wage models to account for the observed cyclical behavior of real wages by means of a model that introduces productivity factors into nominal-wage contracts.

This paper attempts to add to the understanding of changes in the magnitude of business cycle fluctuations by examining disaggregated employment data. Specifically, we use a stochastic variance approach on monthly employment data for the 1946-1996 period to highlight two stylized facts of...