Give me your wired and your highly skilled: measuring the impact of immigration policy on employers and shareholders

Carl Lin

No 2011/17, Working Papers from Institut d'Economia de Barcelona (IEB)

Abstract: This paper links finance theory to labor economics in the context of migration and immigration policy. Using event analysis, I measure the impact of immigration policy on the firm profits, in particular the American Competitiveness and Workforce Improvement Act (ACWIA) of 1998 nearly doubled the available number of H-1B visas for skilled foreign workers in FY 1999. The empirical results show that top H-1B visa user industries enjoyed significant and positive excess returns with the passage of the Act, while industries with little need for H-1B visas experienced no significant changes. Several robustness checks support the results.

Keywords: Skilled immigrants; immigration policy; employers; shareholders; event study; H-1B visa (search for similar items in EconPapers)
JEL-codes: G14 J61 K31 (search for similar items in EconPapers)
Pages: 92 pages
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://ieb.ub.edu/wp-content/uploads/2018/04/2011-IEB-WorkingPaper-17.pdf (application/pdf)

Related works:
Working Paper: Give Me Your Wired and Your Highly Skilled: Measuring the Impact of Immigration Policy on Employers and Shareholders (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ieb:wpaper:doc2011-17

Access Statistics for this paper

More papers in Working Papers from Institut d'Economia de Barcelona (IEB) Contact information at EDIRC.
Bibliographic data for series maintained by ().