The Unbroken Window

Professor Borjas, not exactly a fan of immigration, has often found in his research that there are negligible adverse wage impacts of new immigrants on native Americans. This is not a surprising result. Of course, in a new paper, he claims that those previous findings were due to measurement error.  It could be. We can’t [...]

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I’ve not wanted to weigh in on the new Arizona immigration law. But the law got me thinking in general about labor market discrimination. Some low-wage Americans bring suit against their employer on the grounds that discrimination by the employer is keeping their wages below what they otherwise “should” be.
Two points – one unrelated to [...]

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It seems that the relative performance of new immigrants to the U.S. has been improving for a decade and a half. Here are Borjas and Friedberg:
This paper studies long-term trends in the labor market performance of immigrants in the United States, using the 1960-2000 PUMS and 1994-2009 CPS. While there was a continuous decline in [...]

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New institutions like private stock markets emerge. It will be entertaining to watch the dogs in DC chasing their tails after they institute their new financial institution regulatory overhaul, and when they try to regulate hedge funds, derivatives, money funds and more. A key point from the article:
Besides the economy, startup investors say the high [...]

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Three economic questions frame nearly every debate on the immigration issue.  First, can America absorb the latest wave of immigrants?  Second, what is the impact of immigrants on the labor market prospects for low- and high-skilled natives?  Third, do immigrants represent a strain on public services?  In answering these questions it is important to appreciate [...]

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Whose job did this guy take away? And should it matter if he did?
 
Congratulations Bernard!

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