Mandelman, Federico S.; Yu, Yang; Zanetti, Francesco; … - 2024
We document a steady decline in low-skilled immigration that began with the onset of the Great Recession in 2007, which … was associated with labor shortages in low-skilled service occupations and a decline in the skill premium. Falling returns … estimate a stochastic growth model with endogenous immigration and training to account for these facts and study macroeconomic …