| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 966554 | Journal of Monetary Economics | 2012 | 18 Pages |
Abstract
⺠We build a two-country business cycle model of labor migration and remittances. ⺠Labor migration involves a trade-off between the sunk cost and future wage gains. ⺠The estimation uses macro and border enforcement data from the U.S. and Mexico. ⺠We match the pattern of U.S. unskilled immigration and remittances to Mexico. ⺠Migration has asymmetric welfare effects on the skilled and unskilled households.
Related Topics
Social Sciences and Humanities
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Economics and Econometrics
Authors
Federico S. Mandelman, Andrei Zlate,