The dynamics of immigration policy with wealth-heterogeneous immigrants
AbstractIn this paper we consider a simple intertemporal economy in which immigrants, if admitted, bring heterogeneous amounts of capital. We show that under certain conditions there is a level of immigration which maximizes the economy's capital-labor ratio, and that this level of immigration is the preferred choice of a majority of the economy's citizens. We then characterize, in an overlapping generations setting, the dynamics of capital accumulation and immigration policy, which can include multiple steady state equilibria and a sensitivity of immigration levels to changes in the economy's technology growth rate.
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Bibliographic InfoPaper provided by Federal Reserve Bank of Dallas in its series Working Papers with number 0006.
Date of creation: 2000
Date of revision:
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- Ashley S. Timmer & Jeffrey G. Williamson, 1996. "Racism, Xenophobia or Markets? The Political Economy of Immigration Policy Prior to the Thirties," NBER Working Papers 5867, National Bureau of Economic Research, Inc.
- Jim Dolmas & Gregory W. Huffman, 2004.
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- Jim Dolmas & Gregory W. Huffman, 1998. "On the political economy of immigration and income redistribution," Working Papers 9804, Federal Reserve Bank of Dallas.
- Ortega, Francesc, 2005. "Immigration quotas and skill upgrading," Journal of Public Economics, Elsevier, vol. 89(9-10), pages 1841-1863, September.
- Simon Guidecoq & Michel Rocca, 2010. "Réforme "Obama" de la politique d'immigration et pronostics des théories économiques : les influences de la majorité politique et de la conjoncture économique," Post-Print halshs-00560088, HAL.
- Jim Dolmas & Gregory W. Huffman, 2003. "The Political Economy of Immigrationa and Income Redistribution," Vanderbilt University Department of Economics Working Papers 0312, Vanderbilt University Department of Economics.
- Mark G. Guzman & Joseph H. Haslag & Pia M. Orrenius, 2002.
"Coyote crossings: the role of smugglers in illegal immigration and border enforcement,"
0201, Federal Reserve Bank of Dallas.
- Joseph H. Haslag & Mark G. Guzman & Pia M. Orrenius, 2002. "Coyote crossings : the role of smugglers in illegal immigration and border enforcement," Research Working Paper RWP 02-04, Federal Reserve Bank of Kansas City.
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