MARC Record from Scriblio

LEADER: 02881cam 22003137a 4500
001 2005620345
003 DLC
005 20051013151601.0
007 cr |||||||||||
008 051013s2005 mau sb 000 0 eng
010 $a 2005620345
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aOttaviano, Gianmarco I.P.
245 10 $aRethinking the gains from immigration$h[electronic resource] :$btheory and evidence from the U.S. /$cGianmarco I.P. Ottaviano, Giovanni Peri.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2005.
490 1 $aNBER working paper series ;$vworking paper 11672
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 10/13/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"Recent influential empirical work has emphasized the negative impact immigrants have on the wages of U.S.-born workers, arguing that immigration harms less educated American workers in particular and all U.S.-born workers in general. Because U.S. and foreign born workers belong to different skill groups that are imperfectly substitutable, one needs to articulate a production function that aggregates different types of labor (and accounts for complementarity and substitution effects) in order to calculate the various effects of immigrant labor on U.S.-born labor. We introduce such a production function, making the crucial assumption that U.S. and foreign-born workers with similar education and experience levels may nevertheless be imperfectly substitutable, and allowing for endogenous capital accumulation. This function successfully accounts for the negative impact of the relative skill levels of immigrants on the relative wages of U.S. workers. However, contrary to the findings of previous literature, overall immigration generates a large positive effect on the average wages of U.S.-born workers. We show evidence of this positive effect by estimating the impact of immigration on both average wages and housing values across U.S. metropolitan areas (1970-2000). We also reproduce this positive effect by simulating the behavior of average wages and housing prices in an open city-economy, with optimizing U.S.-born agents who respond to an inflow of foreign-born workers of the size and composition comparable to the immigration of the 1990s"--National Bureau of Economic Research web site.
651 0 $aUnited States$xEmigration and immigration$xEconomic aspects.
650 0 $aAlien labor$zUnited States$xEconomic aspects.
700 1 $aPeri, Giovanni.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 11672.
856 40 $uhttp://papers.nber.org/papers/W11672