The Impact of Immigration: Comparing Two Global Eras

This paper asks whether history can inform modern debate about immigration’s impact on high wage economies. It examines the relationship between migration’s labor market impact and capital flows before 1914, the first global era. It then assesses the effects of immigration on wages and employment wi...

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Veröffentlicht in:	World development 2008-03, Vol.36 (3), p.345-361
Hauptverfasser:	Hatton, Timothy J., Williamson, Jeffrey G.
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital flow Capital mobility Capital movement Comparative analysis Economic history Economic impact analysis Employment Government policy History Immigration Immigration policy Impact analysis Industrial Sociology International economics Labor Market Labour market Labour migration Migrant workers Northern hemisphere policy Political Economy Regional economics Social Policy Studies the Atlantic economy Wage determination Wage structure Wages
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Zusammenfassung:	This paper asks whether history can inform modern debate about immigration’s impact on high wage economies. It examines the relationship between migration’s labor market impact and capital flows before 1914, the first global era. It then assesses the effects of immigration on wages and employment with and without international capital mobility today, in the second global era. It then explores the links between these economic relationships, welfare burdens, and immigration policy. It concludes with an explanation for the apparent difference in immigration’s impact in the two global eras, and thus on policy.
ISSN:	0305-750X 1873-5991
DOI:	10.1016/j.worlddev.2007.04.009