Immigration and Wage Dynamics: Evidence from the Mexican Peso Crisis
研究了美国劳动力市场如何吸收低技能移民，发现短期内高移民地区低技能工资下降、租金上升，长期仅对进入劳动力市场的低技能本地人和住房价格有持久影响。
How does the US labor market absorb low-skilled immigration? In the short run, high-immigration locations see their low-skilled labor force increase, native low-skilled wages decrease, and the relative price of rentals increase. Internal relocation dissipates this shock spatially. In the long run, the only lasting consequences are (a) worse labor market conditions for low-skilled natives who entered the labor force in high-immigration years, and (b) lower housing prices in high-immigrant locations, when immigrant workers disproportionately enter the construction sector and lower construction costs. I use a quantitative dynamic spatial equilibrium many-region model to obtain the policy-relevant counterfactuals.