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    Macroeconomic fluctuations in home countries and immigrants' well-being: New evidence from down under

    Access Status
    Open access via publisher
    Authors
    Nguyen, Ha
    Duncan, Alan
    Date
    2015
    Type
    Working Paper
    
    Metadata
    Show full item record
    Citation
    Nguyen, H. and Duncan, A. 2015. Macroeconomic fluctuations in home countries and immigrants' well-being: New evidence from down under, Bankwest Curtin Economics Centre Working Paper Series: 15/2. Bentley, WA: Curtin University of Technology.
    Additional URLs
    https://bcec.edu.au/publications/macroeconomic-fluctuations-in-home-countries-and-immigrants-wellbeing/
    ISBN
    978-1-925083-26-2
    School
    John Curtin Institute of Public Policy (JCIPP)
    URI
    http://hdl.handle.net/20.500.11937/33059
    Collection
    • Curtin Research Publications
    Abstract

    In this paper we provide the first solid empirical evidence that improvements in home countries' macroeconomic conditions, as measured by a higher GDP per capita and lower price levels, increase immigrants' subjective well-being. We demonstrate this using 12 years of data from the Household Income and Labour Dynamics in Australia panel, as well as macroeconomic indicators for 59 countries of origin, and exploiting exogenous changes in macroeconomic conditions across home countries over time. Controlling for immigrants' observable and unobservable characteristics we also find the positive GDP impact is statistically and economically large in size. Furthermore, the GDP and price impact erodes when immigrants get older, or when they stay in the host country beyond a certain period of time. However, home countries' unemployment rates and exchange rate fluctuations have no impact on immigrants' well-being.

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    • Macroeconomic Fluctuations in Home Countries and Immigrants’ Well-Being: New Evidence from Down Under
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      This article exploits plausibly exogenous changes in macroeconomic conditions across home countries over time and panel individual data to examine the causal impact of home countries’ macroeconomic conditions on immigrants’ ...
    • Macroeconomic Fluctuations in Home Countries and Immigrants’ Well-Being: Evidence from Down Under
      Nguyen, H.; Duncan, Alan (2018)
      This article exploits plausibly exogenous changes in macroeconomic conditions across home countries over time and panel individual data to examine the causal impact of home countries’ macroeconomic conditions on immigrants’ ...
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      This seventh report in the BCEC’s Focus on the States series explores the profile and evolution of immigration in Australia over recent years, and undertakes a comprehensive assessment of immigrants’ contributions to ...
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