The Economic Consequences of Immigration
Immigration remains an emotional and fiercely debated subject, yet it continues to receive little attention from economists. In a newly available, updated edition, this pathbreaking book offers an objective and comprehensive inquiry into the economic consequences of immigration into the United States and concludes that immigration is, on the whole, beneficial to U.S. natives. It also covers a wide range of data, spanning long stretches of history, that indicate experience in Canada and Australian is similar. The findings are relevant to most developed countries.
Updated to reflect Simon's most recent work on immigration and with a new foreword by the author of Fresh Blood: The New American Immigrants, this theoretical, empirical study systematically examines each of the significant economic mechanisms by which immigrants affect natives. These include the transfer-and-tax system, production capital, human capital, physical infrastructure, productivity, environmental externalities, and unemployment. In Simon's inimitable style--both analytically sophisticated and accessible--The Economic Consequences of Immigration debunks many of the suppositions still at large, demonstrating that immigrants displace fewer jobs than they create, are better educated than the majority of U.S. workers, and are no more of a drain on the welfare system than the general population.
This important book is ideal for courses on labor and population and is useful as a reference book to researchers and journalists examining the many issues surrounding immigration.
The late Julian L. Simon was Professor of Business Administration, University of Maryland, College Park, and Adjunct Scholar at the Cato Institute.
From reviews of the first edition:
"Julian Simon has given us not only the best and most comprehensive book ever written on the economic consequences of immigration but a book that deals directly with the public-policy issues. It is an essential book not only for economists but for policymakers as the nation continues to debate who and how many shall come through the golden door inthe months and years to come." --Reason
"One is tempted to use the word 'monumental' for this study of the effects of immigration. . .It would be hard to find any source of information on which the author has not drawn." --Kenneth E. Boulding, Social Science Quarterly
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List of Figures
List of Tables
Some General Theory of Immigrations Consequences
The Demographic Dimensions of Immigration into the United States
Job Displacement Theory of Immigrants and Native Unemployment
Empirical Studies of LaborMarket Effects
The Effects of Immigrants upon Income Distribution and Prices
The Sending Countries the Immigrants Themselves and the World as a Whole
The Question of Illegal Immigrants and Guestworkers
Evaluation of Immigration Policies
Conclusions and Summary of Main Findings
Are there Grounds for Limiting Immigration?
Behavioral Characteristics of Immigrants
Effects of Immigrants upon the Public Coffers
How Much Welfare and Public Services do Immigrants and Natives Use?
The Effect on Natives Incomes from Immigrants Use of Capital Goods
The Effects on Technology Productivity and Native Human Capital
Impacts upon Natural Resources and the Environment
The Overall Effect of Immigrants upon Natives Standard of Living
Other editions - View all
additional American amount analysis arrived Asian Australia benefits brain drain Canada Census ceteris paribus chapter Chiswick citizens cohort compared cost discussed earnings economic effect of immigrants emigration entry estimate evidence Females figure foreign foreign-born groups guestworkers higher Hispanics human capital illegal aliens illegal immigration immi immigrant family immigrants and natives important increase industries investment labor force labor market labor-force participation larger learning-by-doing legal immigrants less lower males Mexican migration million native family native unemployment native-born negative effect number of immigrants occupations output overall participation rates payments percent percentage period persons physical capital population density population growth productivity propensity Proposition 187 public coffers reasons recent refugees relatively relevant residence sample sending countries Simon simply skills Social Security Source taxes paid theory tion unemployed unemployment rates United wages Wall Street Journal welfare services workers