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Erscheinungsjahr: 
2024
Schriftenreihe/Nr.: 
Working Paper No. 2024-2
Verlag: 
Federal Reserve Bank of Atlanta, Atlanta, GA
Zusammenfassung: 
This paper studies the impact of skilled immigration policy frictions in the United States on technology-intensive firms by age cohorts. We use firm-level data and a general equilibrium model with endogenous firm entry and exit. The empirical results show that skilled immigration policy frictions directly influence young firm dynamics in technology-intensive sectors by affecting firm survival. Our general equilibrium model incorporates skilled foreign labor and immigration policy frictions that mimic the H-1B policy and matches the age distribution of firms in high-technology sectors, showing also that increased entry of younger firms leads to a greater exit of older firms.
Schlagwörter: 
skilled immigration
start-ups
high-technology firms
firm dynamics
JEL: 
F22
M13
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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