The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. – F.A. Hayek
Posted in Immigration on Oct 12th, 2009
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 [...]
Posted in Financial Institutions, Immigration, Regulation, Unintended Consequences on Jun 28th, 2009
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 [...]
Posted in Immigration on Aug 21st, 2008
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 [...]
Posted in Immigration on Aug 29th, 2007
Whose job did this guy take away? And should it matter if he did?
Congratulations Bernard!
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