Estimating the effects of immigration in one city |
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Authors: | Wing Suen |
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Institution: | (1) School of Economics and Finance, The University of Hong Kong, Pokfulam Road, Hong Kong (Fax: +852-2548-1152; e-mail: hrneswc@hkusua.hku.hk), CN |
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Abstract: | This paper presents a new method of estimating the effects of immigration on the labor market that does not require variations
in immigration across cities. With a two-stage CES model that aggregates immigrant groups by age cohorts and aggregates cohorts
into effective labor, the econometric estimation and the interpretation of parameters are particularly straightforward. The
paper uses data from Hong Kong to estimate the elasticities of complementarity associated with increased immigration. A simulation
study indicates that a 40% increase in the stock of new immigrants will lower wages by no more than one percent.
Received: 13 August 1997/Accepted: 7 December 1998 |
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Keywords: | JEL classification: J23 J31 J61 |
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