Table 3.
Summary of Results from Counterfactual Simulation
% Differences between Simulated Economy Holding F Constant and Actual Outcomes in 2004 | |||
---|---|---|---|
Variable | γ | ||
0.25 | 0.5 | 0.75 | |
CS Wages | 3.8% | 3.2% | 2.8% |
CS US Native Employment | 13.6% | 12.5% | 7.0% |
CS Enrollment | 25.5% | 20.2% | 19.9% |
Total Employment | −3.8% | −4.6% | −9.0% |
Note: The counterfactual simulates an economy from 1994–2009 in which the level of foreign CS workers is not allowed to increase from its 1994 value. The parameter determines the labor demand elasticity to wages. See section 4 for details.