We estimate empirically the effect of immigration on house prices and residential construction activity in Spain over the period 1998-2008. This decade is characterized by both a spectacular housing market boom and a stunning immigration wave.
por Libertad Gonzalez and Francesc Ortega
The first of May 2004 marked a historical watershed. A decade and a half after the fall of the Berlin Wall the continent of Europe was re-united in democracy, ending over 60 years of political division and hostility with the accession of eight new member states from central and eastern Europe...
With more than 191 million people on the move worldwide, large migrant-receiving societies such as the United States and Europe confront many of the same challenges of immigration, even as they experience the benefits that migrants can bring. American and European policymakers alike are tasked...