2013
DOI: 10.1016/j.red.2012.08.003
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Cited by 79 publications
(71 citation statements)
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References 17 publications
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“…Doing so points to large misallocation of human capital during the sample period, in the range of 40 to 50 percent of global output, with an upward trend over time. Our findings resemble those in Klein and Ventura (2009) and Kennan (2013), using different models, countries, and data. This basic benchmark abstracts from the barriers to reallocating human capital (workers) across countries, which can be very stringent.…”
Section: Introductionsupporting
confidence: 80%
“…Doing so points to large misallocation of human capital during the sample period, in the range of 40 to 50 percent of global output, with an upward trend over time. Our findings resemble those in Klein and Ventura (2009) and Kennan (2013), using different models, countries, and data. This basic benchmark abstracts from the barriers to reallocating human capital (workers) across countries, which can be very stringent.…”
Section: Introductionsupporting
confidence: 80%
“…In the end, they calculate that liberalizing global migration could generate an approximate doubling of world GDP. John Kennan (whose Canadian connection is that he started his career at McMaster) uses the calibration methodology but incorporates insights from trade theory (Kennan 2013). In particular, he works with a model with two goods, two factors of production (capital and labour), J countries and a CES production function.…”
Section: Immigration Impacts and Economic Justicementioning
confidence: 99%
“…Hamilton and Whalley (), Klein and Ventura (, ), Benhabib and Jovanovic (), and Docquier, Machado, and Sekkat () develop analyses of this type in one‐sector models without international trade. Davis and Weinstein () and Kennan () investigate the welfare effects of migration in the presence of labor‐augmenting productivity differences in Ricardian and Heckscher–Ohlin models of trade, respectively. The key consequence of employing a neoclassical framework is that immigration always weakly reduces the welfare of the native workers (i.e., suppliers of the labor input) in the receiving countries.…”
Section: Introductionmentioning
confidence: 99%