Papers by Myriam J Quispe-Agnoli
Emerald Publishing Limited eBooks, Feb 14, 2022
Econometric Reviews, 2000
Using a unique methodology for identifying unauthorized immigrants across counties in the state o... more Using a unique methodology for identifying unauthorized immigrants across counties in the state of Georgia in the United States, we show that an increase in unauthorized immigrants is associated with natives holding more restrictive views against social welfare provision. We also find a positive relationship between the population share of unauthorized immigrants and the share of votes going to the Republicans in elections. Furthermore, we show that this effect is more pronounced for the presence of unauthorized immigrants than Hispanics; is stronger in counties with higher median household income; and is substantively larger in U.S. Congressional elections.
RePEc: Research Papers in Economics, 2012
RePEc: Research Papers in Economics, 2010
Este trabajo forma parte de un conjunto de propuestas de politica economica en diferentes sectore... more Este trabajo forma parte de un conjunto de propuestas de politica economica en diferentes sectores elaboradas por profesores del Departamento de Economia. Estas propuestas fueron elaboradas de cara al proceso electoral del 2011.
Economics & Politics, 2017
Cultural prejudice rather than self interest is the conventional wisdom for why voters respond ne... more Cultural prejudice rather than self interest is the conventional wisdom for why voters respond negatively to immigration. Using a new measure of unauthorized immigrants based on self‐reported invalid social security numbers, we show that voters’ responses are more nuanced than mere prejudice against minorities. Using county level data from the U.S. state of Georgia, we find that voters in counties with above median levels of unauthorized workers are more likely to support the Republican Party. We also find that wealthier counties and wealthier voters are most likely to respond negatively to the unauthorized. Our evidence warns against arguments that depict opposition to immigration as motivated solely by xenophobia and cultural fears among lower income Whites.
Social Science Research Network, 2009
Undocumented Worker Employment and Firm Survival * Do firms employing undocumented workers have a... more Undocumented Worker Employment and Firm Survival * Do firms employing undocumented workers have a competitive advantage? Using administrative data from the state of Georgia, this paper investigates the incidence of undocumented worker employment across firms and how it affects firm survival. Firms are found to engage in herding behavior, being more likely to employ undocumented workers if competitors do. Rivals' undocumented employment harms firms' ability to survive, while firms' own undocumented employment strongly enhances their survival prospects. This suggests that firms enjoy cost savings from employing lower-paid undocumented workers at wages less than their marginal revenue product. The herding behavior and competitive effects are found to be much weaker in geographically broad product markets, where firms have the option to shift labor-intensive production out of state or abroad.
During the 1990s, many Latin American countries began to address their problems with recession, i... more During the 1990s, many Latin American countries began to address their problems with recession, inflation, and unemployment through dramatic economic reforms and monetary policy strategies that included exchange rate pegs, monetary aggregate targeting, or inflation targeting. Inflation targeting, in particular, had begun to lower inflation rates and to stabilize or increase real economic growth in countries such as New Zealand,
Using administrative data from the state of Georgia, this paper finds that, on average, across al... more Using administrative data from the state of Georgia, this paper finds that, on average, across all firms, employing undocumented workers reduces a firm’s hazard of exit by 19 percent. The advantage to firms from employing undocumented workers increases as more firms in the industry do so, decreases with the skill level of the firm’s workers, increases with the breadth of a firm’s market, and increases with the labor intensity of the firm’s production process. JEL classification: J15, C41, J42 Key words: firm survival, illegal immigrants, hazard rates, survival analysis
We can distinguish two stages of global financial innovation during the period 1970–2005. The fir... more We can distinguish two stages of global financial innovation during the period 1970–2005. The first of these waves can be traced back to the demise of the Bretton Woods system in 1971 and the oil shocks of 1973 and 1979. The disintegration of the Bretton Woods arrangement of fixed exchange rates allowed countries to open up to greater capital mobility, while the surge in oil prices provided markets with an influx of new funds. At the same time, capital market activity became concentrated in a few major international financial centres, mainly Frankfurt, London, New York and Tokyo.
In May 2007 the Bank for International Settlements (BIS) and the Federal Reserve Bank (FRB) of At... more In May 2007 the Bank for International Settlements (BIS) and the Federal Reserve Bank (FRB) of Atlanta hosted a meeting in Mexico City on "New financing trends in Latin America: a bumpy road towards stability". The meeting, which was chaired by Philip Turner of the BIS, brought together senior officials from central banks, finance ministries, the private sector, multilateral institutions and academia to discuss issues and challenges from the most recent financing developments observed across the region. Five main issues were addressed at the meeting: recent trends in Latin America, the influence of certain idiosyncratic features on financial developments in the region, the benefits and challenges of the development of domestic local currency bond markets, the implications for monetary policy and the coordination of debt management policies between central banks and finance ministries and, finally, the implications for financial stability. This meeting was a "first&quo...
The growing influx of immigrants into the United States has prompted concerns about potential neg... more The growing influx of immigrants into the United States has prompted concerns about potential negative effects on native workers, especially the less skilled. Such concerns have not been borne out by many studies of the effect of immigration on wages. However, the typical theoretical negative effect of immigration flows on wages may be offset by changes in other aspects of
Financial markets expanded rapidly beginning in the early 1970s in the world's largest, most ... more Financial markets expanded rapidly beginning in the early 1970s in the world's largest, most developed economies. According to the World Bank, financial markets underwent such an expansion that the combination of bank credit, stock market capitalisation and private bonds outstanding for G7 countries reached on average approximately 250% of GDP in 2000, compared to only 75% in 1970. We can distinguish two stages of global financial innovation during the period 1970-2005. The first of these waves can be traced back to the demise of the Bretton Woods system in 1971 and the oil shocks of 1973 and 1979. The disintegration of the Bretton Woods arrangement of fixed exchange rates allowed countries to open up to greater capital mobility, while the surge in oil prices provided markets with an influx of new funds. At the same time, capital market activity became concentrated in a few major international financial centres, mainly Frankfurt, London, New York and Tokyo. Before then, most eme...
Southern Economic Journal, 2015
ABSTRACT Using administrative, individual level, longitudinal data from the state of Georgia, thi... more ABSTRACT Using administrative, individual level, longitudinal data from the state of Georgia, this article finds that rising shares of undocumented workers results in higher earnings for documented workers, but by a small amount. A one percentage point increase in the share of undocumented workers in a documented worker's county/industry results in an average wage boost of 0.44%. Within the firm, a one percentage point increase in the percent of undocumented workers employed by the firm boosts wages by 0.09% (0.11, 0.12, and 0.04 in low, medium, and high skill firms, respectively). Potential explanations for a positive wage impact are discussed.
Bank for International Settlements Press & …, 2008
... 3 Federal Reserve Bank of Atlanta, diego. ... BIS Papers No 36 21 their position in their hom... more ... 3 Federal Reserve Bank of Atlanta, diego. ... BIS Papers No 36 21 their position in their home markets, acquired companies in the region when foreign firms downsized or closed their operations; this is what happened with Mexico's Telmex and Chile's Falabella in the retail sector. ...
... policies had brought disaster to the country. In the case of Brazil, the prospect ofLula&am... more ... policies had brought disaster to the country. In the case of Brazil, the prospect ofLula's election was also perceived by many as a general repudiation of market-oriented reforms. Despite Lula's moderate campaign rhetoric and ...
Perspectives on Global Development and Technology, 2015
SSRN Electronic Journal, 2000
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Papers by Myriam J Quispe-Agnoli