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"This paper presents a model of legal migration from one source country to two host countries, both of which can control their levels of immigration. Because of complementarities between capital and labor, the return on capital is positively related to the level of immigration. Consequently, when capital is immobile, host nations' optimal levels of immigration are positively related to their capital endowments. Further, when capital is mobile between the two host nations, the common return on capital is a function of the levels of immigration in both countries, meaning that immigration is a public good. As a result, when immigration imposes costs on host countries, the Nash equilibrium results in free riding and less immigration than would occur in the cooperative equilibrium. These results are qualitatively unaltered when capital mobility extends to the source nation"--Federal Reserve Bank of St. Louis web site.
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Emigration and immigrationShowing 1 featured edition. View all 1 editions?
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1
Is there too little immigration?
2006, Federal Reserve Bank of St. Louis
electronic resource /
in English
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Book Details
Edition Notes
Title from PDF file as viewed on 12/18/2006.
Includes bibliographical references.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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- Created December 17, 2020
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December 17, 2020 | Created by MARC Bot | Imported from Library of Congress MARC record |