When a country is the recipient of large-scale, politically motivated immigration -- as has been the case for Israel in recent years -- the initial impact is to reduce real wages. Over the longer term, however, the endogenous response of investment, together with increasing returns, may well actually increase real earnings. If immigration itself is not wholly exogenous, but responds to real wages, there may be multiple equilibria. That is, optimism or pessimism about the success of the economy at absorbing immigrants may constitute a self-fulfilling prophecy.
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number
4563.
Length: Date of creation: Dec 1993 Date of revision: Publication status: published as Journal of Population Economics, Vol. 9, no. 1 (1996): 83-93. Handle: RePEc:nbr:nberwo:4563
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Find related papers by JEL classification: F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies F22 - International Economics - - International Factor Movements and International Business - - - International Migration
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