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

Paperback | October 5, 2015

EditorBenjamin 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 evidenceindicates 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 impactof 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 asocial 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 thirdproposes 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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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 evidenceindicates that immigration slightly enhances the ...

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 articl...

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Format:PaperbackDimensions:272 pages, 9.21 × 6.1 × 0.91 inPublished:October 5, 2015Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0190258799

ISBN - 13:9780190258795

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Table of Contents

1. Benjamin Powell: IntroductionSOCIAL SCIENCE2. Peter T. Leeson and Zachary Gochenour: The Economic Effects of International Labor Mobility3. Alex Nowrasteh: The Fiscal Impact of Immigration4. Jacob Vigdor: The Civic and Cultural Assimilation of Immigrants to the United States5. Alexandre Padilla and Nicolas Cachanosky: Employment VISAs: An International ComparisonPUBLIC POLICY6. Richard K. Vedder: Immigration Reform: A Modest Proposal7. Herbert London: Immigration's Future: A Pathway to Legalization and Assimilation8. Bryan Caplan and Vipul Naik: A Radical Case for Open Borders9. Benjamin Powell: Conclusion: Alternative Policy Perspectives

Editorial Reviews

"The Economics of Immigration is two different books, both of them essential. The first half is a rigorous, hardheaded overview of the best evidence we have on the economic and fiscal effects of immigration. It takes research seriously, but is written in terms anyone can understand. The secondhalf is a rich policy debate, giving fair hearing to sharply opposed views and innovative proposals. It's an adult conversation about a tough issue, mercifully free of partisan flim flam. The world needed a book like this and Powell provided it." --Michael Clemens, Senior Fellow, Center for Global Development, where he leads the migration and development initiative