Economics

Opportunity Lost: The Economic Benefit of Retaining Foreign-Born Students in Local Economies

Authors: Giovanni Peri, Gaetano Basso, and Sara McElmurry. The United States, home to many of the world’s top universities, is a higher education destination for talented students from across the globe. When foreign-born students are able to find work in local economies after graduation, the positive economic effects extend beyond their incomes, especially since many pursue degrees in sought-after science, technology, engineering, and mathematics (STEM) fields.

The Effect of Income and Immigration Policies on International Migrations

Authors: Giovanni Peri, and Francesc Ortega. This paper makes two contributions to the literature on the determinants of international migration flows. First, they compile a new dataset on annual bilateral migration flows covering 15 OECD destination countries and 120 sending countries for the period 1980-2006.