To estimate the causal effect of immigration flows on housing market variables in the mediumrun, we address the key problem of immigrant sorting by exploiting exogenous variation from push-factor migration and a unique institutional setting that allocates refugee immigrants to municipalities on...

We analyze the impact of tourist flows on local labor markets, following a novel identification strategy that uses temporary shocks in alternative international destinations to instrument for tourism flows across Spanish regions. We find that a one standard deviation increase in tourist inflows...