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Immigration, Investment and Real Wages / Elise S. Brezis, Paul Krugman.
- Format:
- Book
- Author/Creator:
- Brezis, Elise S.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w4563.
- NBER working paper series no. w4563
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1993.
- Summary:
- 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.
- Notes:
- Print version record
- December 1993.
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