Venezuelan migration drives up prices in Colombian cities, impacting locals.
The study looked at how Venezuelan migration affects prices in Colombian cities. When migrants move in, prices of things like education and housing go up, but food and transportation prices stay the same. The researchers used a method that looks at where migrants tend to settle to figure this out. They found that for every 1% increase in migration, prices of non-tradable goods go up by about 0.9%. This happens because migrants increase demand for certain things, causing prices to rise.