Economic modeling reveals the inflationary effects of postpandemic immigration in the United States, highlighting the role of consumer spending and skill composition.
To determine the impact of the postpandemic U.S. immigration surge, the authors first document the salient features of these new immigrants: they are primarily low-skilled relative to the existing workforce and more likely to be hand-to-mouth consumers. They then incorporate these features into a heterogeneous agent model with capital-skill complementarity.
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Cheremukhin et al. (2025) studied this question.
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