Endogenous Immigration, Human and Physical Capital Formation, and the Immigration Surplus /
Ehrlich, Isaac.
Endogenous Immigration, Human and Physical Capital Formation, and the Immigration Surplus / Isaac Ehrlich, Yun Pei. - Cambridge, Mass. National Bureau of Economic Research 2021. - 1 online resource: illustrations (black and white); - NBER working paper series no. w28504 . - Working Paper Series (National Bureau of Economic Research) no. w28504. .
February 2021.
We evaluate the economic consequences of immigration in a two-country, two-skill, overlapping-generations framework, where immigration, population, human and physical capital formation, and economic growth are endogenous variables. We go beyond extant literature by integrating physical capital in our model. This enables the derivation of new insights about the induced-immigration effects of exogenous triggers, including pull and push factors and policy variables, on the dynamic evolution of the "immigration surplus" in the short run versus the long run, in destination vs. source countries and in the global economy. The policy shifts we analyze include the easing of constraints on potential migrants' labor and physical capital mobility, and the role of physical capital endowments. We also discuss the policy implications of asymmetries in the net benefits from immigration across destination and source countries.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.
Endogenous Immigration, Human and Physical Capital Formation, and the Immigration Surplus / Isaac Ehrlich, Yun Pei. - Cambridge, Mass. National Bureau of Economic Research 2021. - 1 online resource: illustrations (black and white); - NBER working paper series no. w28504 . - Working Paper Series (National Bureau of Economic Research) no. w28504. .
February 2021.
We evaluate the economic consequences of immigration in a two-country, two-skill, overlapping-generations framework, where immigration, population, human and physical capital formation, and economic growth are endogenous variables. We go beyond extant literature by integrating physical capital in our model. This enables the derivation of new insights about the induced-immigration effects of exogenous triggers, including pull and push factors and policy variables, on the dynamic evolution of the "immigration surplus" in the short run versus the long run, in destination vs. source countries and in the global economy. The policy shifts we analyze include the easing of constraints on potential migrants' labor and physical capital mobility, and the role of physical capital endowments. We also discuss the policy implications of asymmetries in the net benefits from immigration across destination and source countries.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.