rise in offshoring and low-skilled immigration, and we develop a three-country stochastic growth model to rationalize this … outcome. In the model, the increase in offshoring negatively affects the middle-skill occupations but benefits the high … immigration. Native workers react to immigration by upgrading the skill content of their labor tasks as they invest in training. …

rise in offshoring and low-skilled immigration, and we develop a three-country stochastic growth model to rationalize this … outcome. In the model, the increase in offshoring negatively affects the middle-skill occupations but benefits the high … immigration. Native workers react to immigration by upgrading the skill content of their labor tasks as they invest in training …

We document a steady decline in low-skilled immigration that began with the onset of the Great Recession in 2007, which … estimate a stochastic growth model with endogenous immigration and training to account for these facts and study macroeconomic … performance and welfare. Lower immigration leads to higher wages for low-skilled workers and higher consumer prices. Importantly …

We document a slowdown in low-skilled immigration that began around the onset of the Great Recession in 2007, which was … develop and estimate a stochastic growth model with endogenous immigration and training to rationalize these facts. Lower … immigration leads to higher wages for low-skilled workers but also to higher consumer prices and lower aggregate consumption …

offshoring on the labor market can substantially deviate from standard neoclassical conclusions when search frictions hinder … exploiting offshoring. It implies that automation (offshoring) may reduce (raise) employment by lengthening (shortening …

We examine the effects of endogenous offshoring on cost-efficiency, wages and unemployment in a task-assignment model … with skill heterogeneity. Exact conditions for the following insights are derived. The distributional effect of offshoring … (high-) low-skill-intensive tasks is similar to (unskilled-) skill-biased technology changes, while offshoring medium …

New Zealand’s immigration system aims to enhance well-being by promoting economic development, reuniting families and … meeting humanitarian objectives. Immigration is high and residence admissions are focused on the high skilled to enhance … economic outcomes. Empirical evidence suggests that immigration has had small positive effects on per capita incomes and has …