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Barcelona GSE Working Paper No. 711

Title: Immigration, Wages, and Education: A Labor Market Equilibrium Structural Model
Authors: Joan Llull
Date: 01-09-2013
Keywords: immigration, wages, human capital, labor supply, dynamic discrete choice, labor market equilibrium
JEL Codes: J2, J31, J61
Abstract:
This paper analyzes the effect of immigration on wages taking into account human capital and labor supply adjustments. Using U.S. micro-data for 1967-2007, I estimate a labor market equilibrium model that includes endogenous decisions on education, participation, and occupation, and allows for skill-biased technical change. Results suggest important labor market adjustments that mitigate the effect of immigration on wages. These adjustments include career switches, labor market detachment and changes in schooling decisions, and are heterogeneous across the workforce. The adjustments generate substantial self-selection biases at the lower tail of the wage distribution that are corrected by the estimated model.
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