Crossing the Rio Grande: Migrations, business cycles and the welfare state

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Ravn, Morten O.; Canova, Fabio. Crossing the Rio Grande: Migrations, business cycles and the welfare state. 1997
http://hdl.handle.net/10230/642
To cite or link this document: http://hdl.handle.net/10230/642
dc.contributor.author Ravn, Morten O.
dc.contributor.author Canova, Fabio
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.issued 1997-07-01
dc.identifier.uri http://hdl.handle.net/10230/642
dc.description.abstract In this paper we study the macroeconomic effects of an inflow of low-skilled workers into an economy where there is capital accumulation and two types of agents. We find that there are substantial dynamic effects following unexpected migrations with adjustments that resemble those triggered by a sudden disruption of the capital stock. We look at the interrelations between these dynamic effects and three different fiscal systems for the redistribution of income and find that these schemes can change the dynamics and lead to prolonged periods of adjustments. The aggregate welfare implications are sensitive to the welfare system: while there are welfare gains without redistribution, these gains may be turned into costs when the state engages in redistribution.
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 248
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.title Crossing the Rio Grande: Migrations, business cycles and the welfare state
dc.type info:eu-repo/semantics/workingPaper
dc.date.modified 2014-06-03T07:13:55Z
dc.subject.keyword Macroeconomics and International Economics
dc.subject.keyword migration
dc.subject.keyword business cycles
dc.subject.keyword heterogeneous agents
dc.subject.keyword the welfare state
dc.rights.accessRights info:eu-repo/semantics/openAccess


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