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The Economics of Immigration: Market-Based Approaches, Social Science, and Public Policy

The Economics of Immigration: Market-Based Approaches, Social Science, and Public Policy

by Benjamin Powell

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The Economics of Immigration summarizes the best social science studying the actual impact of immigration, which is found to be at odds with popular fears. Greater flows of immigration have the potential to substantially increase world income and reduce extreme poverty. Existing evidence indicates that immigration slightly enhances the wealth of natives born in destination countries while doing little to harm the job prospects or reduce the wages of most of the native-born population. Similarly, although a matter of debate, most credible scholarly estimates of the net fiscal impact of current migration find only small positive or negative impacts. Importantly, current generations of immigrants do not appear to be assimilating more slowly than prior waves. Although the range of debate on the consequences of immigration is much narrower in scholarly circles than in the general public, that does not mean that all social scientists agree on what a desirable immigration policy embodies. The second half of this book contains three chapters, each by a social scientist who is knowledgeable of the scholarship summarized in the first half of the book, which argue for very different policy immigration policies. One proposes to significantly cut current levels of immigration. Another suggests an auction market for immigration permits. The third proposes open borders. The final chapter surveys the policy opinions of other immigration experts and explores the factors that lead reasonable social scientists to disagree on matters of immigration policy.

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Product Details

ISBN-13: 9780190258818
Publisher: Oxford University Press
Publication date: 08/24/2015
Sold by: Barnes & Noble
Format: NOOK Book
Pages: 256
File size: 2 MB

About the Author

Benjamin Powell is the Director of the Free Market Institute and Professor of Economics in the Rawls College of Business at Texas Tech University. He is a past President of the Association of Private Enterprise Education and a senior fellow with the Independent Institute. He has published several books and more than 50 scholarly articles, writes frequently in the popular press, and is interviewed regularly on television. He earned his Ph.D. in economics from George Mason University.

Table of Contents

1. Introduction Benjamin Powell SOCIAL SCIENCE 2. The Economic Effects of International Labor Mobility Peter T. Leeson and Zachary Gochenour 3. The Fiscal Impact of Immigration Alex Nowrasteh 4. The Civic and Cultural Assimilation of Immigrants to the United States Jacob Vigdor 5. Employment VISAs: An International Comparison Alexandre Padilla and Nicolás Cachanosky PUBLIC POLICY 6. Immigration Reform: A Modest Proposal Richard K. Vedder 7. Immigration's Future: A Pathway to Legalization and Assimilation Herbert London 8. A Radical Case for Open Borders Bryan Caplan and Vipul Naik 9. Conclusion: Alternative Policy Perspectives Benjamin Powell

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