26 Jan Researchers from the LM2C2 Millennium Nucleus participated in a workshop on immigration and labor markets.

Posted at 18:28h in Press Releases by

A prominent group of national and international academics presented studies on the links between immigration and labor productivity at a workshop organized by the MIPP Millennium Institute and the LM2C2 y Migra.

 

Los factores que inciden en el desajuste de los mercados laborales y el rol que la inmigración puede cumplir en ello marcó el foco del “Workshop on Labor and Immigration” que se realizó el 24 de enero de 2024 en la Facultad de Ciencias Físicas y Matemáticas de la Universidad de Chile.

Organizado por el Instituto Milenio MIPP, el Núcleo Milenio LM2C2 y el Núcleo Milenio Migra, el workshop se ahondó sobre el impacto de la posibilidad de desajustes en el mercado laboral sobre los incentivos y la productividad, cómo la población migrante se ha adaptado a los mercados laborales, y el rol que tiene la elasticidad-precio de la oferta de vivienda en las ganancias de productividad derivadas de la inmigración.

La bienvenida la dio Nicole Ehrenfeld, subdirectora de Centros y proyectos de investigación asociativa de Centros ANID.

    • The speakers were:
  • Raimundo Undurraga: Researcher at the MIPP Millennium Institute, director of the Migra Millennium Nucleus, and professor of Industrial Engineering at the University of Chile.
  • Benjamín Villena: Professor at Universidad Andrés Bello and Researcher at the MIPP Millennium Institute and the LM2C2 Millennium Nucleus.2C2.
  • Mauricio Tejada: Researcher at the LM2C2 Millennium Nucleus and professor at Universidad Diego Portales.
"The interaction among different elements surrounding the labor market influences results important for people's well-being. This kind of meeting is useful for sharing research findings, especially with a prominent international economist," stated Benjamín Villena. The distinguished international economist was Alexandre Mas, a professor at the University of California, Berkeley, Haas School of Business, who presented research on the crucial role immigration can play in improving labor market productivity. "I am delighted to have participated in a fascinating conference on labor markets. I am very grateful to the host and the institutions for making this possible," said Alexandre. Regarding the collaboration between these ANID Centers, Raimundo Undurraga stated, "The Migra Millennium Nucleus and the LM2C2 Millennium Nucleus together with the MIPP Millennium Institute can generate fruitful collaboration to understand the necessary labor conditions and adjustments required in the Chilean labor market to ensure that the absorption process of the increased demand provided by migratory shocks can occur for the benefit of the economy and the well-being of all."

Immigration and Labor Market

The quality of correspondence between companies and workers in the labor market is crucial for their performance: a good match between workers' skills and tasks increases personal job satisfaction, job stability, wages, and, therefore, productivity.

Evidence indicates that there are significant mismatches in Chile and worldwide between the required characteristics for a job and those possessed by the worker. Immigration can play an essential role in improving labor market productivity and, thus, the country's economic development.

However, this requires local institutions (e.g., labor and housing markets, among others) to ensure adequate integration of the migrant population into the markets. A crucial aspect is matching the skills offered by migrant workers with those demanded by companies and consumers.

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