?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.title=The+effects+of+immigration+on+U.S.+wages+and+rents%3A+a+general+equilibrium+approach&rft.creator=Ottaviano%2C+G.I.P.&rft.creator=Peri%2C+G.&rft.description=In+this+paper+we+document+a+strong+positive+correlation+of+immigration+flows+with%0D%0Achanges+in+average+wages+and+average+house+rents+for+native+residents+across+U.S.%0D%0Astates.+Instrumental+variables+estimates+reveal+that+the+correlations+are+compatible%0D%0Awith+a+causal+interpretation+from+immigration+to+wages+and+rents+of+natives.%0D%0ASeparating+the+effects+of+immigrants+on+natives+of+different+schooling+levels+we+find%0D%0Apositive+effects+on+the+wages+and+rents+of+highly+educated+and+small+effects+on+the%0D%0Awages+(negative)+and+rents+(positive)+of+less+educated.+We+propose+a+model+where%0D%0Anatives+and+immigrants+of+three+different+education+levels+interact+in+production+in+a%0D%0Acentral+district+and+live+in+the+surrounding+region.+In+equilibrium+the+inflow+of%0D%0Aimmigrants+has+a+positive+productive+effect+on+natives+due+to+complementarities+in%0D%0Aproduction+as+well+as+a+positive+competition+effect+on+rents.+The+model+calibrated%0D%0Aand+simulated+with+U.S.-states+data+matches+most+of+the+estimated+effects+of%0D%0Aimmigrants+on+wages+and+rents+of+natives+in+the+period+1990-2005.+This+validation%0D%0Asuggests+the+proposed+model+as+a+useful+tool+to+evaluate+the+impacts+of+alternative%0D%0Aimmigration+scenarios+on+U.S.+wages+and+rents.&rft.subject=JEL+Classification%3A+F22%2C+J61%2C+R23.+Immigration%2C+wages%2C+rents%2C+housing+prices%2C+U.S.+states&rft.publisher=Centre+for+Research+and+Analysis+of+Migration&rft.date=2007-09&rft.type=Working+%2F+discussion+paper&rft.language=eng&rft.source=++++(Discussion+Paper+Series++13%2F07).+Centre+for+Research+and+Analysis+of+Migration%3A+London%2C+UK.+(2007)+++++&rft.format=application%2Fpdf&rft.identifier=https%3A%2F%2Fdiscovery.ucl.ac.uk%2Fid%2Feprint%2F14266%2F1%2F14266.pdf&rft.identifier=https%3A%2F%2Fdiscovery.ucl.ac.uk%2Fid%2Feprint%2F14266%2F&rft.rights=open