Evidence in the Text Indicates That the Long-Run Effects of Immigration

question 82

Essay

Evidence in the text indicates that the long-run effects of immigration on overall U.S. wages remain nearly constant (0.1%), which is consistent with the long-run (Heckscher-Ohlin) model. However, there are differing effects across workers' educational levels. What are these differing effects and why might they occur?

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Definitions:

Voting Shares

Voting shares are shares of stock in a company that grant the shareholder the right to vote on corporate matters, typically in proportion to the number of shares held.

Fair Value

The approximate financial worth of an asset or liability, determined by existing prices in a transparent and contestable market.

Fully Amortized

Pertains to a loan or mortgage that has been completely paid off, principal and interest, over its term.