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Immigration's Effect on US Wages and Employment Redux

Caiumi, Alessandro; Peri, Giovanni - National Bureau of Economic Research - 2024

employment-population ratio of natives to test for crowding out at the national level. Third, we analyze occupational upgrading … calculate a positive employment rate effect for most native workers. Even simulations for the most recent 2019-2022 period … suggest small positive effects on wages of non-college natives and no significant crowding out effects on employment …

Persistent link: https://www.econbiz.de/10014528428

Banks in Space

Oberfield, Ezra; Rossi-Hansberg, Esteban; Trachter, Nicholas - National Bureau of Economic Research - 2024

We study the spatial expansion of banks in response to banking deregulation in the 1980s and 90s. During this period, large banks expanded rapidly, mostly by adding new branches in new locations, while many small banks exited. We document that large banks sorted into the densest markets, but...

Persistent link: https://www.econbiz.de/10014512110

Measuring and Predicting "New Work" in the United States : The Role of Local Factors and Global Shocks

Kim, Gueyon; Merritt, Cassandra; Peri, Giovanni - National Bureau of Economic Research - 2024

employment growth. Then, we analyze whether local factors associated in the previous literature with agglomeration economies and …

Persistent link: https://www.econbiz.de/10014544803

International College Students' Impact on the US Skilled Labor Supply

Beine, Michel; Peri, Giovanni; Raux, Morgan - National Bureau of Economic Research - 2022

employment, STEM Master students have had significant transition rates around 0.2, especially after the 2008 reform of Optional …

Persistent link: https://www.econbiz.de/10013388787

A New Interpretation of Productivity Growth Dynamics in the Pre-Pandemic and Pandemic Era U.S. Economy, 1950-2022

Gordon, Robert J.; Sayed, Hassan - National Bureau of Economic Research - 2022

The dismal decade of 2010-19 recorded the slowest productivity growth of any decade in U.S. history, only 1.1 percent per year in the business sector. Yet the pandemic appears to have created a resurgence in productivity growth with a 4.1 percent rate achieved in the four quarters of 2020. This...

Persistent link: https://www.econbiz.de/10013334484

Changes in International Immigration and Internal Native Mobility after Covid-19 in the US

Peri, Giovanni; Zaiour, Reem - National Bureau of Economic Research - 2022

From the beginning of the Covid-19 pandemic to late 2021, international immigration flows to the US decreased significantly. We document the timing and the characteristics of these significant changes in flows, their evolution until late 2022 and their geographic and sector distribution. We...

Persistent link: https://www.econbiz.de/10013477303

On the Geographic Implications of Carbon Taxes

Conte, Bruno; Desmet, Klaus; Rossi-Hansberg, Esteban - National Bureau of Economic Research - 2022

A unilateral carbon tax trades off the distortionary costs of taxation and the future gains from slowing down global warming. Because the cost is local and immediate, whereas the benefit is global and delayed, this tradeoff tends to be unfavorable to unilateral carbon taxes. We show that this...

Persistent link: https://www.econbiz.de/10013462726

Anticipating Climate Change Across the United States

Bilal, Adrien; Rossi-Hansberg, Esteban - National Bureau of Economic Research - 2023

We evaluate how anticipation and adaptation shape the aggregate and local costs of climate change. We develop a dynamic spatial model of the U.S. economy and its 3,143 counties that features costly forward-looking migration and capital investment decisions. Recent methodological advances that...

Persistent link: https://www.econbiz.de/10014322711

Remote Work and City Structure

Monte, Ferdinando; Porcher, Charly; Rossi-Hansberg, Esteban - National Bureau of Economic Research - 2023

We study the adoption of remote work within cities and its effect on city structure and welfare. We develop a dynamic model of a city in which workers can decide to work in the central business district (CBD) or partly at home. Working in the CBD allows them to interact with other commuters,...

Persistent link: https://www.econbiz.de/10014322881