The impact of immigrationon the Spanish economy       Libertad González  (Universitat Pompeu Fabra)                       ...
1. Magnitude of recent immigration•  The foreign-born fraction of the working-   age population increased from 2 to 16% in...
3Source: Padrón municipal (INE)
4Source: Eurostat
2. Labor market effects•  Large impact on total employment!•  Small (if any) impact on the wages or   unemployment rates o...
Source: EPA (INE)   6
7Source: Encuesta Anual de Coste Laboral (INE)
Regional specialization and trade•  Small effect on regional specialization   (national?).•  But: Changes in skill intensi...
3. Housing market effects•  The large migration inflows increased the demand for   housing   –  Rental and ownership.   – ...
10Source: Ministerio de Vivienda
11
4. Migration and the recession•  The foreign-born population stabilized   since 2008.•  Out-migration flows have accelerat...
References•  “How Do Very Open Economies Absorb Large   Immigration Flows? Evidence from Spanish   Regions.” (with Frances...
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The impact of immigration on the Spanish economy

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Libertad González (UPF and Barcelona GSE)

October 21, 2011

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The impact of immigration on the Spanish economy

  1. 1. The impact of immigrationon the Spanish economy Libertad González (Universitat Pompeu Fabra) 1
  2. 2. 1. Magnitude of recent immigration•  The foreign-born fraction of the working- age population increased from 2 to 16% in 10 years (1998-2008). –  More than 5 million people!•  Significant slowdown since 2008.•  Large variation across Spanish regions. 2
  3. 3. 3Source: Padrón municipal (INE)
  4. 4. 4Source: Eurostat
  5. 5. 2. Labor market effects•  Large impact on total employment!•  Small (if any) impact on the wages or unemployment rates of natives.•  Some effect on the labor supply of skilled native women –  With young children or elderly dependents –  Through cheaper household services 5
  6. 6. Source: EPA (INE) 6
  7. 7. 7Source: Encuesta Anual de Coste Laboral (INE)
  8. 8. Regional specialization and trade•  Small effect on regional specialization (national?).•  But: Changes in skill intensity at industry level. –  Higher share of low-educated workers. –  Mostly in services and construction. 8
  9. 9. 3. Housing market effects•  The large migration inflows increased the demand for housing –  Rental and ownership. –  Leading to higher prices and/or construction activity?•  Immigration also increased labor supply in construction. –  Leading to lower prices and/or higher construction activity?•  Overall effect? –  Probably the demand effect dominated, and immigration contributed to the housing market boom. 9
  10. 10. 10Source: Ministerio de Vivienda
  11. 11. 11
  12. 12. 4. Migration and the recession•  The foreign-born population stabilized since 2008.•  Out-migration flows have accelerated.•  Migration flows seem to respond to economic conditions much more than drive them. 12
  13. 13. References•  “How Do Very Open Economies Absorb Large Immigration Flows? Evidence from Spanish Regions.” (with Francesc Ortega) Labour Economics 18: 57-70 (2011).•  “Immigration, Family Responsibilities and the Labor Supply of Skilled Native Women” (with Lidia Farre and Francesc Ortega). The B.E. Journal of Economic Analysis & Policy: Vol. 11: Iss. 1 (Contributions), Article 34 (2011).•  “Immigration and Housing Booms: Evidence from Spain” (with Francesc Ortega). CReAM Discussion Paper No 19/09, July 2009. 13

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