The dynamics of immigration policy with wealth-heterogeneous immigrants
By: James F. Dolmas and Gregory H. Huffman.
Contributors: Huffman, Gregory H.
Series: Research Department working paper ;; 0006; Working paper (Federal Reserve Bank of Dallas. Research Dept. : Online) ;; 0006.
Publisher: Federal Reserve Bank of Dallas
Published: 2000
Place of publication: [Dallas, Tx.]
Language: eng
Format: Electronic resource
Subjects: Emigration and immigration -- Economic aspects.; Capital.; Emigration and immigration -- Government policy.
Description: "In this paper we consider a simple intertemporal economy in which immigrants, if admitted, bring heterogeneous amounts of capital. We show that under certain conditions there is a level of immigration which maximizes the economy's capital-labor ratio, and that this level of immigration is the preferred choice of a majority of the economy's citizens. We then characterize, in an overlapping generations setting, the dynamics of capital accumulation and immigration policy, which can include multiple steady state equilibria and a sensitivity of immigration levels to changes in the economy's technology growth rate"--Federal Reserve Bank of Dallas web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 1/27/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.