On the macroeconomic effects of immigration: A VAR analysis for the US

Arbeitspapier

This paper estimates the quarterly flow of migrants to the US working age population using data based on the Current Population Survey (CPS). The dynamic responses to immigration shocks are estimated in a vector autoregression. Immigration shocks, as well as technology shocks are identified through long-run restrictions. The responses to immigration shocks are consistent with standard growth theory. Investment increases, while real wages fall in the short run. Overall, immigration has been of little importance for US business cycles, while investment-specific technology shocks have been a major driver of immigration during the 1990s and 2000s.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Arbeitspapier ; No. 02/2019

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Business Fluctuations; Cycles ; International Migration ; Demographic Trends, Macroeconomic Effects, and Forecasts ; Geographic Labor Mobility; Immigrant Workers
• Thema: immigration ; business cycles ; vector autoregressions ; long-run restrictions

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Weiske, Sebastian
• Ereignis: Veröffentlichung
• (wer): Sachverständigenrat zur Begutachtung der Gesamtwirtschaftlichen Entwicklung
• (wo): Wiesbaden
• (wann): 2019

Weitere Informationen

• Handle: http://hdl.handle.net/10419/193676
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ