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Title: What Determines Immigrations' Impact? Comparing Two Global Centuries

Author(s): Timothy J. Hatton and Jeffrey G Williamson

Publication Date: October 2006

Keyword(s): capital mobility, history, immigration, labour market impact and policy

Programme Area(s): Labour Economics

Abstract: This paper asks whether history can shed light on the modern debate about immigration's labour market impact in high wage economies. It 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's impact in the two global centuries, and thus on policy.

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Bibliographic Reference

Hatton, T and Williamson, J. 2006. 'What Determines Immigrations' Impact? Comparing Two Global Centuries'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=5885