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Population Survey (CPS). The dynamic responses to immigration shocks are estimated in a vector autoregression. Immigration shocks …, as well as technology shocks are identified through long-run restrictions. The responses to immigration shocks are … consistent with standard growth theory. Investment increases, while real wages fall in the short run. Overall, immigration has …
Persistent link: https://www.econbiz.de/10011980497
This paper discusses the paper The Source of Historical Economic Fluctuations: An Analysis using Long-Run Restrictions by Neville Francis and Valerie A. Ramey. It argues that these authors have made great progress both in the precise measurement of labor input as well as determining the effect...
Persistent link: https://www.econbiz.de/10010263638
This paper discusses the paper "The Source of Historical Economic Fluctuations: An Analysis using Long-Run Restrictions" by Neville Francis and Valerie A. Ramey. It argues that these authors have made great progress both in the precise measurement of labor input as well as determining the effect...
Persistent link: https://www.econbiz.de/10005652778
Population Survey (CPS). The dynamic responses to immigration shocks are estimated in a vector autoregression. Immigration shocks …, as well as technology shocks are identified through long-run restrictions. The responses to immigration shocks are … consistent with standard growth theory. Investment increases, while real wages fall in the short run. Overall, immigration has …
Persistent link: https://www.econbiz.de/10012267700
options to counter demographic trends can be split into four main areas higher productivity, immigration, activity rates, or … questions, and potentially inter-generational conflict. Policy discussions are likely to centre ever more on immigration, how to …
Persistent link: https://www.econbiz.de/10012100237
New Zealand immigration policy settings are based on the assumption that the macroeconomic impacts of immigration may … are possible. Reviewing the literature, the balance of evidence suggests that while past immigration has, at times, had … significant net benefits, over the past couple of decades the positive effects of immigration on per capita growth, productivity …
Persistent link: https://www.econbiz.de/10012115677
Current and prospective population ageing is likely to reduce substantially Italy's participation rates and per capita income. Although large inflows of foreign labour are expected in the coming decades, they are unlikely to compensate for these negative effects. In this article it is argued...
Persistent link: https://www.econbiz.de/10008629744
New Zealand immigration policy settings are based on the assumption that the macroeconomic impacts of immigration may … are possible. Reviewing the literature, the balance of evidence suggests that while past immigration has, at times, had … significant net benefits, over the past couple of decades the positive effects of immigration on per capita growth, productivity …
Persistent link: https://www.econbiz.de/10010757204
Two of the main forces driving European emigration in the late nineteenth century were real wage gaps between sending and receiving regions and demographic booms in the low-wage sending regions (directly augmenting the supply of potential movers as well as indirectly making already-measured...
Persistent link: https://www.econbiz.de/10001579863
well as for health and public budgets, including in the context of political economy. Although immigration is sometimes … role and potential. While some suggest that large-scale, selective immigration might contribute to alleviating demographic …
Persistent link: https://www.econbiz.de/10014023473