Showing 1 - 10 of 1,164,701
consistent with standard growth theory. Investment increases, while real wages fall in the short run. Overall, immigration has …This paper estimates the quarterly flow of migrants to the US working age population using data based on the Current … Population Survey (CPS). The dynamic responses to immigration shocks are estimated in a vector autoregression. Immigration shocks …
Persistent link: https://www.econbiz.de/10012267700
consistent with standard growth theory. Investment increases, while real wages fall in the short run. Overall, immigration has …This paper estimates the quarterly flow of migrants to the US working age population using data based on the Current … Population Survey (CPS). The dynamic responses to immigration shocks are estimated in a vector autoregression. Immigration shocks …
Persistent link: https://www.econbiz.de/10011984941
We analyze how economic conditions at the time of arrival affect the economic integration of family-sponsored migrants … in the U.S. Our identification strategy exploits long waiting times for family-sponsored immigration visas that decouple … result of substantial occupational downgrading, lower hourly wages, and a reduction in working hours. Family migrants who …
Persistent link: https://www.econbiz.de/10012794327
line with theory, induce a negative nowcast error but raise economic activity in the short run. They account for up to 30 …
Persistent link: https://www.econbiz.de/10010224834
-run restrictions on a VAR model to disentangle the effects of both shocks. We find that optimism shocks - in line with theory - reduce …
Persistent link: https://www.econbiz.de/10010342128
This paper develops a 9-dimensional SVAR to investigate the sources of the U.S. business cycle. We extend the standard set of identified shocks to include unexpected changes in commodity prices. Our main result is that commodity price shocks are a very important driving force of macroeconomic...
Persistent link: https://www.econbiz.de/10009008065
This paper analyzes the performance of the monthly economic policy uncertainty (EPU) index in predicting recessionary regimes of the (quarterly) U.S. GDP. In this regard, the authors apply a mixed-frequency Markov-switching vector autoregressive (MF-MSVAR) model, and compare its in-sample and...
Persistent link: https://www.econbiz.de/10011443536
This paper analyzes the performance of the monthly economic policy uncertainty (EPU) index in predicting recessionary regimes of the (quarterly) U.S. GDP. In this regard, the authors apply a mixed-frequency Markov-switching vector autoregressive (MF-MS-VAR) model, and compare its in-sample and...
Persistent link: https://www.econbiz.de/10011554324
Upon arrival to a new country, many immigrants face job downgrading, a phenomenon describing workers being in jobs far below where they would be assigned based on their skills. Downgrading leads to immigrants receiving lower returns to the same skills than natives. The level of downgrading could...
Persistent link: https://www.econbiz.de/10013285855
the host countries. Through a general literature review and examination of specific immigration countries, we provide …
Persistent link: https://www.econbiz.de/10012119651