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Does Low Skilled Immigration Increase Profits? Evidence from Italian Local Labour Markets

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  • Brunello, Giorgio

    (University of Padova)

  • Lodigiani, Elisabetta

    (University of Padova)

  • Rocco, Lorenzo

    (University of Padova)

Abstract

We estimate the (causal) effects of low skill immigration on the performance of Italian manufacturing firms. We find that an increase of the local supply of low skilled immigrants by one thousand units – which corresponds to 8.5 percent of the mean value - raises profits on average by somewhat less than half a percentage point, reduces average labour costs by about 0.1 percent and has no effect on TFP. The positive effects on profits are larger for small firms operating in low tech sectors and for firms located in areas specializing in low skill productions. Our evidence suggests that the recent waves of low skilled immigration in Italy may have hampered the transition to an economic structure characterized by high productivity and wage growth.

Suggested Citation

  • Brunello, Giorgio & Lodigiani, Elisabetta & Rocco, Lorenzo, 2019. "Does Low Skilled Immigration Increase Profits? Evidence from Italian Local Labour Markets," IZA Discussion Papers 12226, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp12226
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    5. Alacevich, Caterina & Nicodemo, Catia, 2019. "Immigration and Work-Related Injuries: Evidence from Italian Administrative Data," IZA Discussion Papers 12510, Institute of Labor Economics (IZA).
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    7. Akgündüz, Yusuf Emre & Bağır, Yusuf Kenan & Cılasun, Seyit Mümin & Kırdar, Murat Güray, 2023. "Consequences of a massive refugee influx on firm performance and market structure," Journal of Development Economics, Elsevier, vol. 162(C).
    8. Giorgio Brunello & Angela Crema & Lorenzo Rocco, 2021. "Some Unpleasant Consequences of Testing at Length," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 83(4), pages 1002-1023, August.
    9. Pieroni, Luca & Roig, Melcior Rosselló & Salmasi, Luca, 2023. "Italy: Immigration and the evolution of populism," European Journal of Political Economy, Elsevier, vol. 76(C).
    10. Frédéric Docquier & Bright Isaac Ikhenaode & Hendrik Scheewel, 2022. "Immigration, welfare, and inequality: How much does the labor market specification matter?," Review of International Economics, Wiley Blackwell, vol. 30(5), pages 1315-1347, November.
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    Keywords

    low skilled immigration; profits; Italy;
    All these keywords.

    JEL classification:

    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers

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