Immigration and Spatial Equilibrium: The Role of Expenditures in the Country of Origin
成果类型:
Article
署名作者:
Albert, Christoph; Monras, Joan
署名单位:
Pompeu Fabra University; Centre de Recerca en Economia Internacional (CREI)
刊物名称:
AMERICAN ECONOMIC REVIEW
ISSN/ISSBN:
0002-8282
DOI:
10.1257/aer.20211241
发表日期:
2022
页码:
3763-3802
关键词:
labor
MIGRANTS
PRODUCTIVITY
determinants
remittances
migration
MARKETS
cities
GROWTH
摘要:
We document that international migrants concentrate more in expen-sive cities-the more so, the lower the prices in their origin coun-tries are-and consume less locally than comparable natives. We rationalize this empirical evidence by introducing a quantitative spatial equilibrium model, in which a part of immigrants' income goes toward consumption in their origin countries. Using counter-factual simulations, we show that, due to this novel consumption channel, immigrants move economic activity toward expensive, high-productivity locations. This leads to a more efficient spatial allocation of labor and, as a result, increases the aggregate output and welfare of natives.