Macroeconomic Fluctuations in Home Countries and Immigrants’ Well-Being: New Evidence from Down Under
MetadataShow full item record
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’ well-being in Australia. We present new and robust evidence that immigrants in Australia feel happier when their home countries’ macroeconomic conditions improve, as measured by a higher gross domestic product (GDP) per capita or lower price levels. Controlling for immigrants’ observable and unobservable characteristics, we also find that the positive GDP impact is statistically significant and economically large in size. Furthermore, the GDP and price impact erodes as immigrants age or stay in the host country beyond a certain period of time. Our findings suggest that immigrants in Australia have emotional or altruistic connections to their home countries and appear encouraging for home countries increasingly attempting to convince their diasporas to contribute more to the development of their homelands.
Showing items related by title, author, creator and subject.
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’ ...
Macroeconomic fluctuations in home countries and immigrants' well-being: New evidence from down underNguyen, Ha; Duncan, Alan (2015)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 ...
Out of sight but not out of mind: Home countries’ macroeconomic volatilities and immigrants’ mental healthNguyen, Ha; Connelly, L. (2017)We provide the first empirical evidence that better economic performances by immigrants’ countries of origin, as measured by lower CPI or higher GDP, improve immigrants’ mental health. We use an econometrically-robust ...