We combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to...

About 1.4 million refugees and irregular migrants arrived in Europe in 2015 and 2016. We model how refugees and irregular migrants are self-selected. Using unique datasets from the International Organization for Migration and Gallup World Polls, we provide the first large-scale evidence on...

I exploit the 1986 Immigration Reform and Control Act (IRCA), which legalized millions of Hispanic migrants in the USA, to study the impact of immigrant legalization on schooling outcomes. Although undocumented migrants are entitled to public education, I find significant post-legalization...