Arbeitspapier

Immigration and secular stagnation

We examine the effect of immigration on the host country in the dynamic model that can deal with secular unemployment. Immigration has contrasting effects, depending on the economic state of the host country. If there is unemployment, immigration worsens unemployment and decreases consumption by native residents whereas if full employment prevails, immigration has the effect of boosting consumption while keeping full employment. However, an influx of too many immigrants can turn the host country into stagnation. We also find that immigrants' remittances are harmful to the host country under full employment but beneficial under secular stagnation.

Sprache
Englisch

Erschienen in
Series: ISER Discussion Paper ; No. 1054

Klassifikation
Wirtschaft
Trade and Labor Market Interactions
International Migration
Open Economy Macroeconomics
Thema
Immigration
secular stagnation
unemployment
aggregate demand deficiency
remittances

Ereignis
Geistige Schöpfung
(wer)
Miyagiwa, Kazuyuki
Ono, Yoshiyasu
Ereignis
Veröffentlichung
(wer)
Osaka University, Institute of Social and Economic Research (ISER)
(wo)
Osaka
(wann)
2019

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
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Objekttyp

  • Arbeitspapier

Beteiligte

  • Miyagiwa, Kazuyuki
  • Ono, Yoshiyasu
  • Osaka University, Institute of Social and Economic Research (ISER)

Entstanden

  • 2019

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