This study examines the effects of the recent influx of Syrian refugees on the Turkish labor market. Exploiting this natural experiment, we estimated the causal impacts of involuntary migration on labor market outcomes. We selected the five refugee-hosting regions with the highest number of...

The constancy of the elasticity of factor substitution (σ) makes its role as a driver of the labor income share exogenous. The constant elasticity of substitution (CES) (Arrow et al., 1961) production function has predominantly been used to support this causal relationship. This paper argues...