TY - JOUR
T1 - Should the US have locked heaven's door? Reassessing the benefits of postwar immigration
AU - Chojnicki, Xavier
AU - Docquier, Frédéric
AU - Ragot, Lionel
PY - 2011/1
Y1 - 2011/1
N2 - This paper examines the economic impact of the second great immigration wave (1945–2000) on the US economy. Our analysis relies on a computable general equilibrium model combining the major interactions between immigrants and natives (labor market impact, fiscal impact, capital deepening, endogenous education, endogenous inequality). Contrary to recent studies, we show that immigration induced important net gains and small redistributive effects among natives. According to our simulations, the postwar US immigration is beneficial for all natives cohorts and all skill groups. Nevertheless, the gains would have been larger if the US had conducted a more selective immigration policy.
AB - This paper examines the economic impact of the second great immigration wave (1945–2000) on the US economy. Our analysis relies on a computable general equilibrium model combining the major interactions between immigrants and natives (labor market impact, fiscal impact, capital deepening, endogenous education, endogenous inequality). Contrary to recent studies, we show that immigration induced important net gains and small redistributive effects among natives. According to our simulations, the postwar US immigration is beneficial for all natives cohorts and all skill groups. Nevertheless, the gains would have been larger if the US had conducted a more selective immigration policy.
KW - Computable general equilibrium
KW - Immigration
KW - Welfare
UR - http://www.mendeley.com/research/locked-heavens-door-reassessing-benefits-postwar-immigration-1
U2 - 10.1007/s00148-009-0286-z
DO - 10.1007/s00148-009-0286-z
M3 - Article
SN - 0933-1433
VL - 24
SP - 317
EP - 359
JO - Journal of Population Economics
JF - Journal of Population Economics
IS - 1
ER -