We examine the ability of immigrants to transfer the occupational human capital they acquired prior to immigration. We … less intently on manual skills. Following immigration, they find initial employment in occupations that require the …

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 assess the impact of low-skilled immigration on capital intensity. We first present a model characterized by … immigration-induced reduction of their workforce's skill level by increasing the capital-labor ratio. We test the predictions of … the model on a sample of Italian manufacturing firms over the period 1996-2007, finding that increased immigration of low …