TY - RPRT AU - Clemens, Michael A. AU - Lewis, Ethan Gatewood TI - The Effect of Low-Skill Immigration Restrictions on US Firms and Workers: Evidence from a Randomized Lottery PY - 2022/Oct/ PB - Institute of Labor Economics (IZA) CY - Bonn T2 - IZA Discussion Paper IS - 15667 UR - https://www.iza.org/publications/dp15667 AB - The U.S. limits work visas for low-skill jobs outside of agriculture, with a binding quota that firms access via a randomized lottery. We evaluate the marginal impact of the quota on firms entering the 2021 H-2B visa lottery using a novel survey and pre-analysis plan. Firms exogenously authorized to employ more immigrants significantly increase production (elasticity +0.16) with no decrease or an increase in U.S. employment (elasticity +0.10, statistically imprecise) across several pre-registered subsamples. The results imply very low substitutability of native for foreign labor in the policy-relevant occupations. Forensic analysis suggests similarly low substitutability of black-market labor. KW - elasticity KW - firms KW - college KW - high school KW - manual KW - skill KW - mobility KW - labor KW - foreign KW - immigrant KW - immigration KW - substitution KW - productivity KW - rural KW - urban ER -