High-Skill Migration, Multinational Companies and the Location of Economic Activity

Nicolas Morales
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Abstract

Abstract This paper aims to understand the relationship between high-skill immigration and multinational activity. I assemble a novel firm-level dataset on high-skill visas and show that there is a large home bias effect: foreign multinationals hire more immigrants from their home countries than from other origins. I then build and estimate a quantitative model that relates multinational production with immigration. First, I impose a restrictive immigration policy in the US and evaluate how it affects production and wages. Second, I increase the barriers to multinational production and show that immigration is an important channel to quantify the welfare gains generated by multinationals.
高技能移民、跨国公司和经济活动地点
摘要本文旨在了解高技能移民与跨国活动之间的关系。我收集了一个关于高技能签证的新颖的公司层面数据集,并表明存在一个很大的母国偏见效应:外国跨国公司从母国雇佣的移民多于从其他国家雇佣的移民。然后,我建立并估计了一个将跨国生产与移民联系起来的定量模型。首先,我在美国实施一项限制性移民政策,并评估它对生产和工资的影响。其次,我增加了跨国生产的壁垒,并表明移民是量化跨国公司产生的福利收益的重要渠道。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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