U.S. Skilled Immigrant Employment and Public Firms

43 Pages Posted: 16 Jan 2018 Last revised: 26 Jan 2018

See all articles by Rasha Ashraf

Rasha Ashraf

Georgia State University - Department of Finance

Rina Ray

University of Colorado at Denver

Date Written: September 1, 2017

Abstract

Characteristics of skilled immigrant workers – age, educational attainment, and occupational skills – changed after the U.S. immigration policy shock of 2004 when the maximum number of new skilled immigrant visas was reduced to 90,000. We observe a higher (lower) probability of hiring younger (older) skilled immigrants after the policy shock. Larger firms, firms that are high growth, that have low financial distress risk, and that make large investment in R&D are more likely to hire skilled immigrants. Most of the demand for skilled immigrants is in computer-related occupations, in science and mathematics, and in engineering and architecture. Younger skilled immigrants seem to substitute older skilled immigrants and skilled immigrant hiring is correlated with firm-level capital investment in research and innovation for occupations related to science and mathematics.

Keywords: age-cohort, education, occupation, research and development (R&D), skilled immigrants

JEL Classification: G30, G38, J24, J61

Suggested Citation

Ashraf, Rasha and Ray, Rina, U.S. Skilled Immigrant Employment and Public Firms (September 1, 2017). Available at SSRN: https://ssrn.com/abstract=3098370 or http://dx.doi.org/10.2139/ssrn.3098370

Rasha Ashraf

Georgia State University - Department of Finance ( email )

35 Broad Street
Suite 1238
Atlanta, GA 30303
United States
404-413-7348 (Phone)
404-894-6030 (Fax)

Rina Ray (Contact Author)

University of Colorado at Denver ( email )

Box 173364
1250 14th Street
Denver, CO 80217
United States
303-315-8455 (Phone)

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