Does immigration affect the Phillips curve? Some evidence for Spain

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Show simple item record Dolado, Juan José Bentolila, Samuel Jimeno, Juan F. 2009-01-23T09:32:17Z 2009-01-23T09:32:17Z 2008
dc.identifier.bibliographicCitation European Economic Review, 2008, 52, 8, p. 1398-1423
dc.identifier.issn 0014-2921
dc.description.abstract The Phillips curve has flattened in Spain over 1995?2006: Unemployment has fallen by 15 percentage points, with roughly constant inflation. This change has been much more pronounced than elsewhere. We argue that this stems from the immigration boom in Spain over this period. We show that the New Keynesian Phillips curve is shifted by immigration if natives? and immigrants? labor supply elasticities and bargaining power differ. Estimation of this curve for Spain indicates that the fall in unemployment since 1995 would have led to an annual increase in inflation of 2.5 percentage points if it had not been largely offset by immigration.
dc.format.mimetype text/plain
dc.format.mimetype application/pdf
dc.language.iso eng
dc.publisher Elsevier
dc.subject.other Phillips curve
dc.subject.other Immigration
dc.title Does immigration affect the Phillips curve? Some evidence for Spain
dc.type article PeerReviewed
dc.description.status Publicado
dc.subject.jel E31
dc.subject.jel J64
dc.subject.eciencia Economía
dc.identifier.doi 10.1016/j.euroecorev.2008.07.001
dc.rights.accessRights openAccess
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