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Millions of people—nearly 3 percent of the world’s population—no longer live in the country where they were born. Every day, migrants enter not only the United States but also developed countries without much of a history of immigration. Some of these nations have switched in a short span of time from being the source of immigrants to being a destination for them. International migration is today a central subject of research in modern labor economics, which seeks to put into perspective and explain this historic demographic transformation. Immigration Economics synthesizes the theories, models, and econometric methods used to identify the causes and consequences of international labor...
The Economics of International Migration is a collection of the fundamental articles written by Giovanni Peri on the economic determinants and consequences of international migration. These papers have provided the theoretical framework and empirical analysis for a rethinking of the economics of migration, going beyond the Canonical model of labor demand and supply used until the 1990s. Beginning with a simple model that recognizes the differences between immigrants and natives as workers, the articles develop the analysis of complementarity, specialization and productivity effect of immigrants in developed economies. The book then presents a series of papers analyzing and testing the economic motivation for international migration. Finally, the focus is shifted to the effect of immigration policies and their consequences on immigration and the economy.
This book examines the trends, determinants, and impacts of migration of high-skilled workers within the European Union (EU) over the last two decades. The main thesis is that high-skilled migration, whether internal or international, is largely a symptom rather than a cause of the gaps persisting across European regions in terms of labor market and educational opportunities, productivity, welfare and quality of institutions. Free movement within the EU enables workers and firms to take advantage of these gaps by moving from low- to high-productivity sectors and regions. This process, however, generates winners and losers depending on the extent of the complementarity and substitutability be...
The number of immigrants in the US science, technology, engineering, and mathematics (STEM) workforce and among recipients of advanced STEM degrees at US universities has increased in recent decades. In light of the current public debate about immigration, there is a need for evidence on the economic impacts of immigrants on the STEM workforce and on innovation. Using new data and state-of-the-art empirical methods, this volume examines various aspects of the relationships between immigration, innovation, and entrepreneurship, including the effects of changes in the number of immigrants and their skill composition on the rate of innovation; the relationship between high-skilled immigration and entrepreneurship; and the differences between immigrant and native entrepreneurs. It presents new evidence on the postgraduation migration patterns of STEM doctoral recipients, in particular the likelihood these graduates will return to their home country. This volume also examines the role of the US higher education system and of US visa policy in attracting foreign students for graduate study and retaining them after graduation.
The Economics of Immigration summarizes the best social science studying the actual impact of immigration, which is found to be at odds with popular fears. Greater flows of immigration have the potential to substantially increase world income and reduce extreme poverty. Existing evidence indicates that immigration slightly enhances the wealth of natives born in destination countries while doing little to harm the job prospects or reduce the wages of most of the native-born population. Similarly, although a matter of debate, most credible scholarly estimates of the net fiscal impact of current migration find only small positive or negative impacts. Importantly, current generations of immigran...
This edited collection includes (but is not limited to) contributions in the form of chapters from the participants of the Workshop on the Macroeconomics of Migration at the University of Sheffield in June 2018. Migration is one of the most debated issues currently and is a pervasive feature of our economies. While extensive academic work has looked at the microeconomic aspects of migration, an open question is to better understand the links between migration and macroeconomic aggregates, such as per capita GDP. This book explores this overarching question, which has hit the key political and social debates all over Europe. Countries that are traditionally viewed as hosting economies for imm...
For one-semester courses in labor economics at the undergraduate and graduate levels, this book provides an overview of labor market behavior that emphasizes how theory drives public policy. Modern Labor Economics: Theory and Public Policy, Twelfth Edition gives students a thorough overview of the modern theory of labor market behavior, and reveals how this theory is used to analyze public policy. Designed for students who may not have extensive backgrounds in economics, the text balances theoretical coverage with examples of practical applications that allow students to see concepts in action. Experienced educators for nearly four decades, co-authors Ronald Ehrenberg and Robert Smith believ...
This three-volume work exposes myths and debunks misinformation about global migration, an issue generating emotional debate from the highest levels of power to kitchen tables across the United States, Europe, and worldwide. Many don't realize that migration has been a central element of global social change since the 15th century. Unfortunately, misconceptions about the 3 percent of world citizens who do choose to migrate can be destructive. In 2008, riots broke out in South Africa over workers from neighboring countries. Today's rising tensions along the U.S.-Mexican border are inciting political, social, and economic upheaval. In the EU, political fortunes rise and fall on positions regar...
Immigration is a comprehensive and practical guide to the history, economics, and contributions of immigrants, written by a former key policymaker who is now a leading researcher in the field. Immigration is a comprehensive examination of U.S. immigration policies and their impact on the nation, combining a historical overview and a guide to how immigration works in practice. In this one-volume compendium on the history, politics, culture, and contributions of immigrants to the United States, the author uses his experience in key immigration policy posts to provide an insider's perspective on a broad array of immigration-related issues. Offering a detached, unbiased analysis of the economic, fiscal, and other impacts of current immigration policies, he recommends reforms and policy solutions for the thorniest immigration issues, such as illegal immigration. But the book does not ignore the fact that immigration has always enriched and strengthened our nation. Along with policy considerations, it also encompasses enlightening profiles detailing the many contributions of individual immigrants in such diverse areas as science, sports, the military, and business.
High-skilled immigrants are a very important component of U.S. innovation and entrepreneurship. Studies regarding the impact of immigrants on natives tend to find limited consequences in the short-run, while the results in the long-run are more varied and much less certain. Immigrants in the United States aid business and technology exchanges with their home countries, but the overall effect that the migration has on the home country remains unclear. Little is known about return migration of workers engaged in innovation and entrepreneurship, except that it is rapidly growing in importance.