. | Destination D . | Source S . | ||
---|---|---|---|---|
Trigger . | 3rd Generation after a Shock . | 5th Generation after a Shock . | 10th Generation after a Shock . | 10th Generation after a Shock . |
1. Skill-biased technological shock in D and S | ||||
Human capital | 0.01 | 0.21 | 1.35 | −13.99 |
Physical capital | 0.05 | 0.22 | 1.17 | −14.43 |
Full income | 0.03 | 0.22 | 1.28 | −14.12 |
Utility | 0.004 | 0.04 | 0.25 | −2.40 |
2. Adverse fertility shock in D | ||||
Human capital | 0.36 | 1.20 | 5.15 | 71.48 |
Physical capital | −0.12 | 0.06 | 2.51 | 58.20 |
Full income | 0.10 | 0.63 | 3.95 | 67.66 |
Utility | 0.04 | 0.11 | 0.50 | 11.79 |
3. Adverse productivity shock in S | ||||
Human capital | 0.40 | −0.08 | −2.65 | 39.33 |
Physical capital | 0.70 | 0.13 | −2.21 | 37.27 |
Full income | 0.40 | −0.09 | −2.61 | 38.65 |
Utility | 0.05 | −0.01 | −0.27 | 4.84 |
. | Destination D . | Source S . | ||
---|---|---|---|---|
Trigger . | 3rd Generation after a Shock . | 5th Generation after a Shock . | 10th Generation after a Shock . | 10th Generation after a Shock . |
1. Skill-biased technological shock in D and S | ||||
Human capital | 0.01 | 0.21 | 1.35 | −13.99 |
Physical capital | 0.05 | 0.22 | 1.17 | −14.43 |
Full income | 0.03 | 0.22 | 1.28 | −14.12 |
Utility | 0.004 | 0.04 | 0.25 | −2.40 |
2. Adverse fertility shock in D | ||||
Human capital | 0.36 | 1.20 | 5.15 | 71.48 |
Physical capital | −0.12 | 0.06 | 2.51 | 58.20 |
Full income | 0.10 | 0.63 | 3.95 | 67.66 |
Utility | 0.04 | 0.11 | 0.50 | 11.79 |
3. Adverse productivity shock in S | ||||
Human capital | 0.40 | −0.08 | −2.65 | 39.33 |
Physical capital | 0.70 | 0.13 | −2.21 | 37.27 |
Full income | 0.40 | −0.09 | −2.61 | 38.65 |
Utility | 0.05 | −0.01 | −0.27 | 4.84 |
Notes: Values are percentage changes in welfare measures. Positive values mean a loss from restricting migration, hence a gain from unrestricted migration.
Source: Authors’ simulation results.