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 …

-level administrative data - that large immigration flows since 2012 have had dampening effects on aggregate wage growth, as complementarity …

A large body of literature estimates the relative wage impacts of immigration on low- and high-skill natives, but it is …-form quantile treatment effects by constructing a ceteris paribus counterfactual wage distribution with lower immigration levels …

non-European migrants have a different fiscal position from natives only on the extreme tails of the NFP distribution. Non …-EU migrants contribute more than natives in the top quantile of the NFP, whereas they are more fiscally depend in the bottom … quantile. We also examine the relationship between our calculated migrants' fiscal position and the fiscal perception of …