finance
Federal Reserve Paper Links Immigration to Housing Costs and Wages
A Federal Reserve study examined how immigration affected U.S. housing prices and wages. The paper reported that illegal immigration contributed to higher home prices without adding new housing supply and was associated with lower wages for some workers.
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A Federal Reserve paper examined the effects of illegal immigration on U.S. housing markets and wages. The study found that illegal immigration accounted for 30 percent of recent home price increases. It also concluded that the same inflows did not expand the overall housing supply.
The paper reported that illegal immigration was associated with lower wages for American workers. Officials did not name specific regions or time periods in the summary released. The findings were presented as part of ongoing research into labor and housing market dynamics.
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CorroborationLimited · 2 sources
