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Federal Reserve Bank of Dallas
Working Papers
The dynamics of immigration policy with wealth-heterogeneous immigrants
James Dolmas
Gregory W. Huffman
Abstract

In this paper we consider a simple intertemporal economy in which immigrants, if admitted, bring heterogeneous amounts of capital. We show that under certain conditions there is a level of immigration which maximizes the economy's capital-labor ratio, and that this level of immigration is the preferred choice of a majority of the economy's citizens. We then characterize, in an overlapping generations setting, the dynamics of capital accumulation and immigration policy, which can include multiple steady state equilibria and a sensitivity of immigration levels to changes in the economy's technology growth rate.


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James Dolmas & Gregory W. Huffman, The dynamics of immigration policy with wealth-heterogeneous immigrants, Federal Reserve Bank of Dallas, Working Papers 0006, 2000.
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Keywords: Emigration and immigration
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