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Immigration policy can have important net fiscal effects that vary by immigrants' skill level. But mainstream methods to estimate these effects are problematic. Methods based on cash-flow accounting offer precision at the cost of bias; methods based on general equilibrium modeling address bias...
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This paper provides a quantitative assessment of the economic contribution of unauthorized workers to the U.S. economy … economic contribution of unauthorized workers to the U.S. economy is substantial, at approximately 3% of private-sector GDP … that legalization of unauthorized workers would increase their contribution to 3.6% of private-sector GDP. The source of …
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Firms are heterogeneous in size, productivity, ownership concentration, governance, financial structure and other dimensions. This paper introduces a stylized theoretical framework to account for such differences and to explain the heterogeneous tax sensitivity of firm-level investments across...
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