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Creating and Connecting US and China Science : Chinese Diaspora and Returnee Researchers
Xie, Qingnan; Freeman, Richard B. - National Bureau of Economic Research - 2023
The close connection between US and China in scientific research and education in the 2000s produced a large group of China-born researchers who work in the US ("diaspora") and a larger group of China-born researchers who gained US-research experience and returned to do their research in China...
Persistent link: https://www.econbiz.de/10014322694
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Tax Policy and Investment in a Global Economy
Chodorow-Reich, Gabriel; Smith, Matthew; Zidar, Owen M.; … - National Bureau of Economic Research - 2024
We evaluate the 2017 Tax Cuts and Jobs Act. Combining reduced-form estimates from tax data with a global investment model, we estimate responses, identify parameters, and conduct counterfactuals. Domestic investment of firms with the mean tax change increases 20% versus a no-change baseline. Due...
Persistent link: https://www.econbiz.de/10014512034
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FDI and Superstar Spillovers : Evidence from Firm-to-Firm Transactions
Amiti, Mary; Duprez, Cédric; Konings, Jozef; Van … - National Bureau of Economic Research - 2023
Despite competition concerns over the increasing dominance of global corporations, many argue that productivity spillovers from multinationals to domestic firms justify pro- FDI policies. For the first time, we use firm-to-firm transaction data in a developed country to examine the impact of...
Persistent link: https://www.econbiz.de/10014250146
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International Diversification, Reallocation, and the Labor Share
David, Joel M.; Rancière, Romain; Zeke, David - National Bureau of Economic Research - 2023
How does growing international financial diversification affect firm-level and aggregate labor shares? We study this question using a novel framework of firm labor choice in the face of aggregate risk. The theory implies a cross-section of labor risk premia and labor shares that appear as...
Persistent link: https://www.econbiz.de/10014250185
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Climate Risks and FDI
Gu, Grace Weishi; Hale, Galina - National Bureau of Economic Research - 2022
Climate-related risks have increased in recent decades, both in terms of the frequency of extreme weather events (physical risk) and implementation of climate-change mitigation policies (transition risk). This paper explores whether multinational firms react to such risks by altering their...
Persistent link: https://www.econbiz.de/10013388808
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Centralization and Organization Reproduction : Ethnic Innovation in R&D Centers and Satellite Locations
Kerr, William R. - National Bureau of Economic Research - 2023
We study the relationship between firm centralization and organizational reproduction in satellite locations. For decentralized firms, the ethnic compositions of inventors in satellite locations mostly resemble their host cities, with little link to the inventor composition of their parent...
Persistent link: https://www.econbiz.de/10014372481
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The Effect of Low-Skill Immigration Restrictions on US Firms and Workers : Evidence from a Randomized Lottery
Clemens, Michael A.; Lewis, Ethan - National Bureau of Economic Research - 2022
The U.S. limits work visas for low-skill jobs outside of agriculture, with a binding quota that firms access via a randomized lottery. We evaluate the marginal impact of the quota on firms entering the 2021 H-2B visa lottery using a novel survey and pre-analysis plan. Firms exogenously...
Persistent link: https://www.econbiz.de/10013435151
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Immigration's Effect on US Wages and Employment Redux
Caiumi, Alessandro; Peri, Giovanni - National Bureau of Economic Research - 2024
passes validity tests and has reasonably strong power. Second, we provide estimates of the impact of immigration on the … of natives in response to immigrants. Using these estimates, we calculate that immigration, thanks to native …
Persistent link: https://www.econbiz.de/10014528428
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The Effect of Immigration Policy on Founding Location Choice : Evidence from Canada's Start-up Visa Program
Lee, Saerom; Glennon, Britta - National Bureau of Economic Research - 2023
To spur entrepreneurship and economic growth, an increasing number of countries have introduced immigration policies … this immigration policy increased the likelihood that U.S.-based immigrants have a start-up in Canada by 69%. Our results … communities in the origin location. Overall, our study unveils the importance of immigration policies in determining founding …
Persistent link: https://www.econbiz.de/10014337866
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Age at Immigrant Arrival and Career Mobility : Evidence from Vietnamese Refugee Migration and the Amerasian Homecoming Act
Pekkala Kerr, Sari; Kerr, William R.; Smith, Kendall E. - National Bureau of Economic Research - 2024
We study the long-run career mobility of young immigrants, mostly refugees, from Vietnam who moved to the United States during 1989-1995. This third and final migration wave of young Vietnamese immigrants was sparked by unexpected events that culminated in the Amerasian Homecoming Act....
Persistent link: https://www.econbiz.de/10014468267