TY  - JOUR
AU  - Hatton,Timothy J.
AU  - Williamson,Jeffrey G.
TI  - What Determines Immigration's Impact? Comparing Two Global Centuries
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 12414
PY  - 2006
Y2  - August 2006
UR  - http://www.nber.org/papers/w12414
L1  - http://www.nber.org/papers/w12414.pdf
N1  - Author contact info:
Jeffrey G. Williamson
350 South Hamilton Street #1002
Madison, WI 53703
Tel: 608-441-0023
Fax: 608-204-0783
E-Mail: jwilliam@fas.harvard.edu
M2  - featured in NBER digest on 2006-08-07
AB  - Can history shed light on the modern debate about immigration%u2019s labor market impact in high wage economies? This paper examines the relationship between migration and capital flows in the age of mass migration before 1914, the so-called first global century. It then assesses the effects of immigration on wages and employment with and without international capital mobility in first global century and today, that is, the second global century. The paper then explores the links between these economic relationships and immigration policy. It concludes with an explanation for the apparent difference in immigration%u2019s impact in the two global centuries, and thus on policy.
ER  -