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- W977460954 abstract "I construct a set of dynamic macroeconomic models to analyze the effect of unskilled immigration on wage inequality. The immigrants or their descendants do not remain unskilled – over time they may approach or exceed the general level of educational attainment. In the baseline model, the economy's capital supply is determined endogenously by the savings behavior of infinite-lived dynasties, and I also consider models in which the supply of capital is perfectly elastic, or exogenously determined. I derive a simple formula that determines the time discounted value of the skill premium enjoyed by college-educated workers following a change in the rate of immigration for unskilled workers, or a change in the degree or rate at which unskilled immigrants become skilled. I compare the calculations of the skill premiums to data from the US Current Population Survey to determine the long-run effect of different immigrant groups on wage inequality in the United States." @default.
- W977460954 created "2016-06-24" @default.
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- W977460954 date "2005-12-23" @default.
- W977460954 modified "2023-09-27" @default.
- W977460954 title "The impact of immigrant dynasties on wage inequality" @default.
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- W977460954 doi "https://doi.org/10.1016/s0147-9121(05)24003-7" @default.
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