00000nam 2200000zi 4500 9.932255 CaOODSP 20240110084439 m o d f cr mn||||||||| 240110t20232023onca ob f000 0 eng d CaOODSP eng rda CaOODSP eng eng fre n-us--- n-cn--- FB3-5/2023-60E-PDF Brinatti, Agostina, author. Third-country effects of U.S. immigration policy / by Agostina Brinatti and Xing Guo. [Ottawa] : Bank of Canada = Banque du Canada, 2023. ©2023 1 online resource (iii, 50, 40 pages) : illustrations (chiefly colour). text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2023-60 ISSN assigned to different series. "Last updated: December 27, 2023." Includes bibliographical references (pages 46-50). "We study how the effects of U.S. restrictions on skilled immigration affect the Canadian economy and American workers' welfare. In 2017, the United States implemented a policy that tightened the eligibility criteria for U.S. visas. This was followed immediately by a trend break in the number of skilled immigrant admissions to Canada. We use quasi-experimental variation introduced by this policy over time and across immigrant groups, along with U.S. and Canadian visa applications data, to show that in 2018 visa applications for moving to Canada increased by 30% relative to the period before the restrictions were imposed. We then study how the restrictions affected Canadian firms. We use comprehensive Canadian administrative databases containing the universe of employer-employee linked records, immigration records, and international trade data. We find that Canadian firms that were relatively more exposed to the inflow of immigrants increased production, exports, and employment of Canadian workers. Finally, we study the policy's impact on American workers by incorporating immigration policy into a multi-sector international trade model. With international trade, the increase in immigration to other countries due to the restrictions affects American wages through U.S. exports and consumption prices. We calibrate the model using our novel data and reduced-form estimates. We find that the welfare gains for American workers targeted for protection by the 2017 policy are up to 25% larger in a closed economy than they are in an open economy with the observed trade levels"--Abstract, page ii. Includes abstracts in English and French. Foreign workers Government policy United States Econometric models. Foreign workers Canada Econometric models. Wages United States Econometric models. Wages Canada Econometric models. Labor market United States Econometric models. Labor market Canada Econometric models. Travailleurs étrangers Politique gouvernementale États-Unis Modèles économétriques. Travailleurs étrangers Canada Modèles économétriques. Salaires États-Unis Modèles économétriques. Salaires Canada Modèles économétriques. Marché du travail États-Unis Modèles économétriques. Marché du travail Canada Modèles économétriques. Bank of Canada, issuing body. Staff working paper (Bank of Canada) 2023-60. (CaOODSP)9.806221 PDF 2.72 MB https://publications.gc.ca/collections/collection_2024/banque-bank-canada/FB3-5-2023-60-eng.pdf