Skill-Upgrading and the Savings of Immigrants
AbstractThis note derives positive and normative implications about the effects of immigration on welfare and the skill composition of the labor force in receiving economies. The main channel through which immigration affects labor-market outcomes is the availability of new loanable funds for investment, which results in endogenous skill-upgrading. Given their high training costs and their lifelong working period, immigrants self-select as net lenders, which facilitates the upgrading of both new generations of natives and migrants. Under sufficient altruism towards future generations, this induces a Pareto-improvement among the current generations of natives.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 221.
Date of creation: 27 Jun 2006
Date of revision:
Other versions of this item:
- J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-10-14 (All new papers)
- NEP-DEV-2006-10-14 (Development)
- NEP-HRM-2006-10-14 (Human Capital & Human Resource Management)
- NEP-SEA-2006-10-14 (South East Asia)
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