Does low-skilled immigration increase profits? Evidence from Italian local labour markets
| Autor: | Lorenzo Rocco, Elisabetta Lodigiani, Giorgio Brunello |
|---|---|
| Rok vydání: | 2020 |
| Předmět: |
Economics and Econometrics
Labour economics Low-skilled immigration media_common.quotation_subject 05 social sciences Immigration Urban Studies Local labor markets Profits Capital (economics) 0502 economics and business Market data Economics 050207 economics Total factor productivity Low skilled 050205 econometrics media_common |
| Zdroj: | Regional Science and Urban Economics. 85:103582 |
| ISSN: | 0166-0462 |
| DOI: | 10.1016/j.regsciurbeco.2020.103582 |
| Popis: | We study the effects of low-skilled immigration on firm profits, average wages, employment, capital and total factor productivity (TFP) by combining firm-level and local labour market data from Italy. We find that low-skilled immigration increases profits by reducing average wages and total labour costs. This effect is small on average, but about ten times larger for firms operating in local labour markets with a high share of low-skilled employment than for other firms. In these areas, the substitution effects triggered by immigration reduce average wages much more than elsewhere. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|
Full Text from ScienceDirect