Title of article
Immigration,remittancesandbusinesscycles
Author/Authors
Federico S. Mandelman، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2012
Pages
18
From page
196
To page
213
Abstract
UsingdataonborderenforcementandmacroeconomicindicatorsfromtheU.S.and
Mexico,weestimateatwo-countrybusinesscyclemodeloflabormigrationand
remittances.Themodelmatchesthecyclicaldynamicsofunskilledmigration,and
documentstheinsuranceroleofremittancesinconsumptionsmoothing.Overthecycle,
immigrationincreaseswiththeexpectedstreamoffuturewagegains,butitis
dampenedbyasunkemigrationcost.Migrationbarriersslowtheadjustmentofthe
stock ofimmigrantlabor,enhancingthevolatilityofunskilledwagesandremittances.
Changesinborderenforcementhaveasymmetricwelfareimplicationsfortheskilled
and unskilledhouseholds
Journal title
Journal of Monetary Economics
Serial Year
2012
Journal title
Journal of Monetary Economics
Record number
846517
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