Impact of refugees on wages and economic growth in a model with inflation.

Autor/inn/en	Gomes, Ana Rita; Afonso, Óscar; Vasconcelos, Paulo B.
Titel	Impact of refugees on wages and economic growth in a model with inflation. Gefälligkeitsübersetzung: Auswirkungen von Flüchtlingen auf die Löhne und das Wirtschaftswachstum in einem Modell mit Inflation.
Quelle	In: Applied economics, 56 (2024) 12, 1381-1407 PDF als Volltext Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	online; Zeitschriftenaufsatz
ISSN	1466-4283
DOI	10.1080/00036846.2023.2176451
Schlagwörter	Forschungsförderung; Bildungsertrag; Substitution; Elastizität; Inländer; Einkommenseffekt; Geldpolitik; Inflation; Mikroökonomie; Wirtschaftswachstum; Arbeitskräfteangebot; Niedrig Qualifizierter; Subventionierung; Auswirkung; Bekämpfung; Flüchtling; Hoch Qualifizierter; Herkunftsland; Polen; Ukraine
Abstract	"This paper assesses how the influx of skilled and unskilled refugees affects the technological-knowledge-bias and, consequently, the skill premium in host communities, looking in particular at the case of Poland following the war in Ukraine. We use a dynamic endogenous R&D general equilibrium model, in which labour endowments are related to the direction (or bias) of technological knowledge, which in turn drives the dynamics of key economic variables. With price channel dominance, the shock of the war causes an increase in the technological-knowledge-bias and thus the skills premium, given the increased supply of unskilled labour. Fiscal policy, driven by country governments and materialized through direct and indirect subsidies to R&D activity, has stronger effects on the growth rate when applied to unskilled workers. Monetary policy, driven by the central bank through a decline in the nominal interest rate, influences R&D activity through liquidity constraints and is limited by the zero nominal interest rate. To promote competitiveness and growth, a fiscal policy that subsidizes unskilled workers must be promoted." The study refers to the period 2010-2020. (Author's abstract, IAB-Doku)..
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2023/1