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Subsequently, we analyze whether these immigrant flows have altered regional unemployment disparities.
Our results indicate that immigrant flows have statistically significant positive and nonlinear impacts on the happiness of natives, which vary in magnitude with the year of migrant inflows.
Studies of foreign immigration to the USA have not come to a strong consensus on how contemporary immigrant flows have affected natives' wages.
We find that recent immigrant flows have a nonlinear, yet overall positive impact on the well-being of natives, with the largest effects coming from immigrant flows arriving in the previous year.
In addition, the magnitude of the estimated coefficient is larger (in absolute value) for the second lag, indicating that immigrant flows have slightly varying impacts on happiness over time.
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As a result, "within a decade the proportion of Indian-led startups had increased from 7percentto13.4percentcenThe The problem, as Wadhwa defines it, is that this immigrant flow "has slowed and reversed to an Immigrant Exodus". The term is riveting -- "exodus" suggests a sudden mass outflow of biblical proportions.
Utilizing lagged immigration variables also enables us to analyze any dynamic effects that immigrant flows may have on native well-being.
Oil prices have been slumping, not soaring, but there are significant worries about outsourcing, downsizing and globalization, along with deep concerns about rising inequality, refugee and immigrant flows, and what has been called secular stagnation of the economy.
However, why have immigrant flows increased?
For instance, immigrant flows lagged by one year have a larger impact on happiness of a country's population than immigrant flows lagged by two years.
Immigrant flows from these two regions have been primarily propelled by the investment of Spanish companies in Latin America, as well as by the political and economic crises in Latin America and Africa during much of the 1990s.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com