Publications
Publications
- Harvard Business Review (website)
Research: The Cost of a Single U.S. Immigration Restriction
By: Dany Bahar, Prithwiraj Choudhury and Britta Glennon
Abstract
On June 22, 2020, President Trump passed an Executive Order drastically cutting the number of highly skilled international workers eligible for non-immigrant visas to the U.S. To quantify the impact of this policy, the authors examined the immediate change in stock price for over 400 top U.S. firms following Trump’s announcement, and found that the immigration restriction cost the U.S. economy a total of $100 billion. This finding—along with substantial prior research demonstrating the detrimental effect of restricting immigration on both domestic employment rates and long-term economic health—suggests that easing these restrictions will be key to supporting the American people through the current crisis and beyond.
Keywords
Work Visas; H1-B; Restriction; Impact; Immigration; Governing Rules, Regulations, and Reforms; Cost; Economy
Citation
Bahar, Dany, Prithwiraj Choudhury, and Britta Glennon. "Research: The Cost of a Single U.S. Immigration Restriction." Harvard Business Review (website) (January 22, 2021).
About The Author
