On the Aggregate Effects of Immigration in Spain

40 Pages Posted: 11 Jun 2007

See all articles by Mario Izquierdo

Mario Izquierdo

Banco de España

Juan F. Jimeno

Banco de España - Research Department; Centre for Economic Policy Research (CEPR); IZA Institute of Labor Economics

Juan A. Rojas

Banco de España

Date Written: 06/11/2007

Abstract

This paper presents a dynamic general equilibrium model designed to compute the aggregate impact of immigration, accounting for relevant supply and demand effects. We calibrate the model to the Spanish economy, allowing for enough heterogeneity in the demographic characteristics of immigrant and native workers. We consider an initial steady state characterized by the age structure of the Spanish population in 1995 and study the effects of several immigration scenarios on several macroeconomic variables (GDP, employment, productivity, etc.)

Keywords: immigration, general equilbrium models

JEL Classification: E10, F22

Suggested Citation

Izquierdo, Mario and Jimeno, Juan F. and Rojas, Juan A., On the Aggregate Effects of Immigration in Spain (06/11/2007). Banco de España Research Paper No. WP-0714, Available at SSRN: https://ssrn.com/abstract=992722 or http://dx.doi.org/10.2139/ssrn.992722

Mario Izquierdo (Contact Author)

Banco de España ( email )

Alcala 50
Madrid 28014
Spain

Juan F. Jimeno

Banco de España - Research Department ( email )

Alcala 48
28014 Madrid
Spain

Centre for Economic Policy Research (CEPR)

London
United Kingdom

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Juan A. Rojas

Banco de España ( email )

Alcala 50
Madrid 28014
Spain

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