Search Results
Showing results 1 to 3 of approximately 3.
(refine search)
Discussion Paper
Will Silicon Alley Be the Next Silicon Valley?
Briefing
Did U.S. Immigration Policy Influence India’s IT Boom?
We highlight an unintended consequence of U.S. immigration policy for high-skill workers. Indian college students and workers got skills in computer science in the 1990s — a key occupation for innovation and growth — with the prospects of migrating to work in the booming U.S. IT industry. However, many ended up not migrating or returning to India after a short period. These workers helped build the IT sector in India, which grew at outstanding rates in the late 2000s.
Working Paper
High-Skill Migration, Multinational Companies, and the Location of Economic Activity
This paper examines the relationship between high-skill immigration and multinational activity. I assemble a novel firm-level dataset on high-skill visa applications and show that there is a large home-bias effect. Foreign multinational enterprises (MNEs) in the US tend to hire more migrant workers from their home countries compared to US firms. To quantify the general equilibrium implications for production and welfare, I build and estimate a quantitative model that includes trade, MNE production, and the migration decisions of high-skill workers. I use an instrumental variables approach to ...