Download This PaperImmigration Policy, Equilibrium Unemployment, and Underinvestment in Human Capital
34 Pages Posted: 27 Apr 2009
Abstract
We analyse the impact of different immigration policies on human capital investment in a search-theoretic model. This class of models features unemployment and underinvestment in human capital. The underinvestment in human capital can be solved by combining immigration policy with appropriate education subsidies. Extending the model with respect to different skill groups allows to analyse the observed bimodal skilled immigration of the USA.
Suggested Citation: Suggested Citation
Lumpe, Christian and Weigert, Benjamin, Immigration Policy, Equilibrium Unemployment, and Underinvestment in Human Capital. LABOUR, Vol. 23, Issue 1, pp. 97-130, March 2009, Available at SSRN: https://ssrn.com/abstract=1378377 or http://dx.doi.org/10.1111/j.1467-9914.2008.00435.x
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