Macroeconomic fluctuations in home countries and immigrants' well-being: New evidence from down under
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 Househol...
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| Format: | Working Paper |
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Curtin University
2015
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| Online Access: | https://bcec.edu.au/publications/macroeconomic-fluctuations-in-home-countries-and-immigrants-wellbeing/ http://hdl.handle.net/20.500.11937/33059 |
| _version_ | 1848753840443097088 |
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| author | Nguyen, Ha Duncan, Alan |
| author_facet | Nguyen, Ha Duncan, Alan |
| author_sort | Nguyen, Ha |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T08:30:54Z |
| format | Working Paper |
| id | curtin-20.500.11937-33059 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:30:54Z |
| publishDate | 2015 |
| publisher | Curtin University |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-330592019-04-11T01:04:42Z Macroeconomic fluctuations in home countries and immigrants' well-being: New evidence from down under Nguyen, Ha Duncan, Alan unemployment well-being GDP immigrants Australia exchange rate inflation 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. 2015 Working Paper http://hdl.handle.net/20.500.11937/33059 https://bcec.edu.au/publications/macroeconomic-fluctuations-in-home-countries-and-immigrants-wellbeing/ Curtin University unknown |
| spellingShingle | unemployment well-being GDP immigrants Australia exchange rate inflation Nguyen, Ha Duncan, Alan Macroeconomic fluctuations in home countries and immigrants' well-being: New evidence from down under |
| title | Macroeconomic fluctuations in home countries and immigrants' well-being: New evidence from down under |
| title_full | Macroeconomic fluctuations in home countries and immigrants' well-being: New evidence from down under |
| title_fullStr | Macroeconomic fluctuations in home countries and immigrants' well-being: New evidence from down under |
| title_full_unstemmed | Macroeconomic fluctuations in home countries and immigrants' well-being: New evidence from down under |
| title_short | Macroeconomic fluctuations in home countries and immigrants' well-being: New evidence from down under |
| title_sort | macroeconomic fluctuations in home countries and immigrants' well-being: new evidence from down under |
| topic | unemployment well-being GDP immigrants Australia exchange rate inflation |
| url | https://bcec.edu.au/publications/macroeconomic-fluctuations-in-home-countries-and-immigrants-wellbeing/ http://hdl.handle.net/20.500.11937/33059 |