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<https://discovery.ucl.ac.uk/id/eprint/14266> <http://purl.org/dc/terms/title> "The effects of immigration on U.S. wages and rents: a general equilibrium approach"^^<http://www.w3.org/2001/XMLSchema#string> .
<https://discovery.ucl.ac.uk/id/eprint/14266> <http://purl.org/ontology/bibo/abstract> "In this paper we document a strong positive correlation of immigration flows with\r\nchanges in average wages and average house rents for native residents across U.S.\r\nstates. Instrumental variables estimates reveal that the correlations are compatible\r\nwith a causal interpretation from immigration to wages and rents of natives.\r\nSeparating the effects of immigrants on natives of different schooling levels we find\r\npositive effects on the wages and rents of highly educated and small effects on the\r\nwages (negative) and rents (positive) of less educated. We propose a model where\r\nnatives and immigrants of three different education levels interact in production in a\r\ncentral district and live in the surrounding region. In equilibrium the inflow of\r\nimmigrants has a positive productive effect on natives due to complementarities in\r\nproduction as well as a positive competition effect on rents. The model calibrated\r\nand simulated with U.S.-states data matches most of the estimated effects of\r\nimmigrants on wages and rents of natives in the period 1990-2005. This validation\r\nsuggests the proposed model as a useful tool to evaluate the impacts of alternative\r\nimmigration scenarios on U.S. wages and rents."^^<http://www.w3.org/2001/XMLSchema#string> .
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