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3D"Collapse3D"Expand
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Week Three<= /font>

Looking for the Eff= ect of Immigration on US Population

Clark Kerr: The Balkanization of Labor Markets

What sappens to the seller who wants a price greater than p?

Apple iPod Video 5th Generation 30GB Media Player - Black
(2.5", 2 Hours Video - MPN: MA146LLA)
Price Range: $224.00 - $336.56 from 49 Sellers

Wages of Carpenters=

Age-Earnings Profil= e

Salaries in the Econ Dept:

Competition=

Borjas: Greasing the Wheels

Wage Differentials Geographically Persistent

Wage Differentials Self-reinforcing

Borjas Claims Disequilibria Costly

But Moving Is Costl= y

Injecting Mobile La= bor

Unskilled Immigrant= s Went to California Where Unskilled Paid More

Slide 17

Borjas Finds:

Slide 19

Paper Idea<= /font>

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Week Three<= /font>
Immigrants, Mobilit= y and Wage Arbitrage in the American Labor Market

Looking for the Eff= ect of Immigration on US Population

Clark Kerr: The Balkanization of Labor Markets
Impediments to labo= r market mobility
Time
Skill
Geography
Information<= /td>
Language
Culture
Family
The commodity think= s

What sappens to the seller who wants a price greater than p?

Apple iPod Video 5th Generation 30GB Media Player - Black
(2.5", 2 Hours Video - MPN: MA146LLA)
Price Range: $224.00 - $336.56 from 49 Sellers

Wages of Carpenters=

Age-Earnings Profil= e

Salaries in the Econ Dept:

Competition=
How much mobility o= f labor (or even commodities) is required to equate  prices of homogenous goods across geography?
Can prices not equa= te and yet there be market equilibrium?
To what extent does= labor as a commodity differ in this process compared to other commodities?
Is the equating of = wages through competition bad or good?

Borjas: Greasing the Wheels
Labor markets are s= luggish markets
Considerable costs = to labor moving
Family decision
Cultural rootedness=
Actual moving costs=
Capital rooted too<= /font>
Fixed capital (Gene= va Steel)
Much capital mobili= ty is net new investment

Wage Differentials Geographically Persistent
Control for similar= labor types (i.e. skills)
Wages and salaries = vary considerably
Examples: union ele= ctrician
SLC $25 per hour in= cluding benefits
Bay area $50 per ho= ur including benefits
Health economist
University of Utah = $90,000
University of Maryl= and $140,000

Wage Differentials Self-reinforcing
Real wages might no= t be that different
Cost of living
But major factor in= cost of living is the general wages in an area
Example: haircut SL= C =3D$4.50
LA =3D $12.00
Barbers have to pur= chase all the services provided by more expensive labor in an area

Borjas Claims Disequilibria Costly
Equilibrium<= /td>
If two homogenous w= orkers are paid differently, the lesser paid worker should get more employment drivi= ng his or her wage up and the higher paid worker should get less employment driving his or her wage down.  To= tal output will rise until marginal productivities are equated.

But Moving Is Costl= y
Immigration injects= into the economy a labor group that is willing to move.
The economy becomes= more efficient when immigrants move to high wage areas pushing down wages, increasing output and moving the national labor market towards equilibriu= m
Question of who ben= efits from increased output
Macroeconomic growt= h effect from efficiency gain
Microeconomic incre= ased output shared somehow

Injecting Mobile La= bor
Immigrants self-sel= ectedly mobile
If costs of migrati= on basically fixed, then choosing one state over another is relatively costless=
If income maximizer= s, migrants will go to the high wage areas for their skills
May not be true: et= hnic enclaves may lower cost of migration
But enclaves may be= where they would go anyway

Unskilled Immigrant= s Went to California Where Unskilled Paid More

Slide 17

Borjas Finds:
Immigrants go to hi= gh wage areas
Settled immigrants = less likely to go compared to new immigrants
Moving natives ough= t to behave similarly
Problem showing thi= s
Wages narrow across= geographies based on where immigrants go

Slide 19

Paper Idea<= /font>
Replicate some aspe= ct of Greasing the Wheels with current data
Borjas’ immigrants = concentrated but now immigrants are spreading out
Borjas had decennia= l data but now we have annual data (ACS)

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= Week Three
= <= /td> =
Immigrants, Mobility and Wage
Arbitrage in the American Labor
M= arket
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<= /td> =
= Looking for the Effect of
Immigration on US Population
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= =
Clark Kerr: The Balkanization of
= Labor Markets
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•<= /font> Im= pediments to labor market mobility
– Time=
•<= /font> Skil= l
•<= /font> Geog= raphy
•<= /font> Info= rmation
•<= /font> Lang= uage
•<= /font> Cult= ure
•<= /font> Fami= ly
–<= /font> Th= e commodity thinks
------=_NextPart_01C6E0AD.802091E0 Content-Location: file:///C:/B4B421F3/Week_3_Greasing_the_wheels_files/v3_master03_image004.gif Content-Transfer-Encoding: base64 Content-Type: image/gif R0lGODlhBgALAHcAMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAAALAAAAgAE AAcAgAAAAAAAAAIIRGKQisuNDigAOy== ------=_NextPart_01C6E0AD.802091E0 Content-Location: file:///C:/B4B421F3/Week_3_Greasing_the_wheels_files/v3_slide0011.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="windows-1252" Slide 1
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What sappens to the seller who
= wants a price greater than p?
Pric= e
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<= /td> <= /td> = <= /td>
Apple iPod Video 5th Generation 30GB Media Player - Black
= (2.5", 2 Hours Video - MPN: MA146LLA)
Price Range: $224.00 - $336.56 from 49 Sellers
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