Please use this identifier to cite or link to this item: https://hdl.handle.net/10620/18436
Longitudinal Study: HILDA
Title: Macroeconomic Fluctuations in Home Countries and Immigrants’ Well-Being: New Evidence from Down Under
Authors: Nguyen, Ha 
Duncan, Alan 
Publication Date: 2020
Pages: 205-232
Keywords: Migration
Macroeconomic
Exchange rate
Wellbeing
Happiness
Abstract: This article exploits plausibly exogenous changes in macroeconomic conditions across home countries over time and panel individual data to examine the causal impact of home countries’ macroeconomic conditions on immigrants’ well-being in Australia. We present new and robust evidence that immigrants in Australia feel happier when their home countries’ macroeconomic conditions improve, as measured by a higher gross domestic product (GDP) per capita or lower price levels. Controlling for immigrants’ observable and unobservable characteristics, we also find that the positive GDP impact is statistically significant and economically large in size. Furthermore, the GDP and price impact erodes as immigrants age or stay in the host country beyond a certain period of time. Our findings suggest that immigrants in Australia have emotional or altruistic connections to their home countries and appear encouraging for home countries increasingly attempting to convince their diasporas to contribute more to the development of their homelands.
DOI: 10.1177/0197918318813975
ISBN: 0197-9183
Research collection: Journal Articles
Appears in Collections:Journal Articles

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