2022-08-242022-08-242022-08-22https://repositorio.redinvestigadores.org/handle/Riec/118This paper studies the labor market impacts of Venezuelan immigrants in Colombia. Exploiting spatial variation in exposure, I nd a negative e ect on native wages driven by the informal sector (where immigrants are concentrated) and a reduction in native employment in the formal sector (where the minimum wage binds for many workers). To explain this asymmetry, I build a model in which rms substitute formal for informal labor in response to lower informal wages. Consistent with the model's predictions, I document that the increase in informality is driven by small rms that use both labor types in production.62 páginasPDFengOpen AccessWorking paperF22 - International MigrationO15 - Human Resources; Human Development; Income Distribution; MigrationO17 - Formal and Informal Sectors; Shadow Economy; Institutional ArrangementsR23 - Regional Migration; Regional Labor Markets; Population; Neighborhood CharacteristicsImmigrationEvent studyLabor marketInformality<LEMB>Acceso abiertoAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0Informalidad