The Economics of Immigration

Market-Based Approaches, Social Science, and Public Policy

Benjamin Powell editor

Format:Paperback

Publisher:Oxford University Press Inc

Published:8th Oct '15

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The Economics of Immigration cover

This book, The Economics of Immigration, analyzes how immigration can enhance global GDP while minimally affecting native job prospects and wages.

In The Economics of Immigration, the author explores the profound impact that immigration can have on global economic growth. The book presents compelling evidence that immigration could significantly boost world GDP while having minimal effects on the job prospects and wages of the native-born population. Contrary to popular fears, it highlights that immigrants are not assimilating more slowly than previous generations, and the net fiscal impact of immigration is largely negligible. The data suggests that greater immigration flows can enhance the wealth of native-born individuals and contribute to reducing extreme poverty worldwide.

The first half of The Economics of Immigration summarizes extensive social science research that contradicts common misconceptions about immigration. It emphasizes that while there are debates within scholarly circles regarding the net fiscal impacts of immigration, the consensus leans towards the idea that these impacts are small, whether positive or negative. The book also sheds light on the assimilation of immigrants, indicating that current generations are integrating into society at rates similar to those of past waves.

In the latter part of the book, three distinct chapters by different social scientists present varying perspectives on immigration policy. These chapters advocate for a range of approaches, from significantly reducing immigration levels to proposing an auction market for immigration permits, and even advocating for open borders. The final chapter provides insights into the differing opinions among immigration experts, exploring the reasons behind the diverse views on immigration policy.

"Benjamin Powell has put together an academic and intellectual tour de force by bringing together some of the most accomplished thinkers on the critical issue of immigration in order to debunk some of the fallacies that obfuscate the current debate and make the pursuit of reasonable policies so difficult today." -- Alvaro Vargas Llosa is a Senior Fellow of The Center on Global Prosperity at the Independent Institute and author of author of Global Crossings: Immigration, Civilization, and America "The Economics of Immigration carefully and objectively summarizes what we know about immigration and then challenges us with bold new perspectives on immigration policy. This is an excellent collection and a must-have for anyone interested the movement of people around the world." -- Alex Tabarrok, Director of the Center for Study of Public Choice and Bartley J. Madden Chair in Economics at the Mercatus Center at George Mason University "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 second half 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 "A nuanced, serious-minded effort to examine the facts behind a complex and contentious social issue. The Economics of Immigration is especially recommended for college and public library Economics Studies shelves." -- James A. Cox, Editor-in-Chief, Midwest Book Review

ISBN: 9780190258795

Dimensions: 155mm x 234mm x 28mm

Weight: 499g

272 pages