Skilled Immigration and the Great Recession: A Panel Data Analysis
| Main Author: | |
|---|---|
| Language: | English |
| Published: |
Miami University / OhioLINK
2020
|
| Subjects: | |
| Online Access: | http://rave.ohiolink.edu/etdc/view?acc_num=miami1578473970490175 |
| id |
ndltd-OhioLink-oai-etd.ohiolink.edu-miami1578473970490175 |
|---|---|
| record_format |
oai_dc |
| spelling |
ndltd-OhioLink-oai-etd.ohiolink.edu-miami15784739704901752021-08-03T07:13:46Z Skilled Immigration and the Great Recession: A Panel Data Analysis Nagaraj, Eashwar Economics Labor Economics skilled immigration H-1B recession business cycle immigrant wages wage premiums wage effects labor demand shock natural experiment panel fixed effects skilled immigration trends visa work visa human capital labor policy In 2015, U.S. firms applied for over half a million work visas (H-1B) for skilled immigrants, or 20% of all jobs added that year. However, these visas are granted subject to a strictly binding quota of 85,000 per year which has been increasingly called into question. On one hand, some economists like Borjas (2003), argue that immigrants substantially crowd-out native workers. On the other hand, Hunt (2011) finds that immigrants in certain skilled occupations improve native wage conditions and positively impact innovation, productivity and growth. Firms that apply for H-1B visas argue that the skilled labor market in the U.S. is particularly tight (the unemployment rate for holders of bachelor's degrees in March 2015 was 2.7% vs. the national unemployment rate of 5.5%), lobbying for an increase in the quota. Using a panel of 421,000 firms that applied for H-1B visas (n = 5.1 million) between 2002 and 2015, this paper aims to understand the relationship between skilled immigration and the domestic labor market. I explore how firm demand for immigrant labor, wages offered to new hires, and spatial composition of applications relate to the U.S. business cycle. Exploiting the Great Recession as a natural experiment for a labor demand shock, I find that for a percentage point increase in the native unemployment rate for the college educated, the wage premiums offered to skilled immigrants decrease by 2-4 percent. 2020-01-08 English text Miami University / OhioLINK http://rave.ohiolink.edu/etdc/view?acc_num=miami1578473970490175 http://rave.ohiolink.edu/etdc/view?acc_num=miami1578473970490175 unrestricted This thesis or dissertation is protected by copyright: all rights reserved. It may not be copied or redistributed beyond the terms of applicable copyright laws. |
| collection |
NDLTD |
| language |
English |
| sources |
NDLTD |
| topic |
Economics Labor Economics skilled immigration H-1B recession business cycle immigrant wages wage premiums wage effects labor demand shock natural experiment panel fixed effects skilled immigration trends visa work visa human capital labor policy |
| spellingShingle |
Economics Labor Economics skilled immigration H-1B recession business cycle immigrant wages wage premiums wage effects labor demand shock natural experiment panel fixed effects skilled immigration trends visa work visa human capital labor policy Nagaraj, Eashwar Skilled Immigration and the Great Recession: A Panel Data Analysis |
| author |
Nagaraj, Eashwar |
| author_facet |
Nagaraj, Eashwar |
| author_sort |
Nagaraj, Eashwar |
| title |
Skilled Immigration and the Great Recession: A Panel Data Analysis |
| title_short |
Skilled Immigration and the Great Recession: A Panel Data Analysis |
| title_full |
Skilled Immigration and the Great Recession: A Panel Data Analysis |
| title_fullStr |
Skilled Immigration and the Great Recession: A Panel Data Analysis |
| title_full_unstemmed |
Skilled Immigration and the Great Recession: A Panel Data Analysis |
| title_sort |
skilled immigration and the great recession: a panel data analysis |
| publisher |
Miami University / OhioLINK |
| publishDate |
2020 |
| url |
http://rave.ohiolink.edu/etdc/view?acc_num=miami1578473970490175 |
| work_keys_str_mv |
AT nagarajeashwar skilledimmigrationandthegreatrecessionapaneldataanalysis |
| _version_ |
1719456625906941952 |