@TechReport{iza:izadps:dp1676,
            	author={Chojnicki, Xavier and Docquier, Frédéric and Ragot, Lionel},
            	title={Should the U.S. Have Locked the Heaven's Door? Reassessing the Benefits of the Postwar Immigration},
            	year={2005},
	month={Jul},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={1676},
            	url={https://www.iza.org/publications/dp1676},
	abstract={This paper examines the economic impact of the second great immigration wave (1945-2000) on the US economy. Contrary to recent studies, we estimate that immigration induced important net gains and small redistributive effects among natives. Our analysis relies on a computable general equilibrium model combining the major interactions between immigrants and natives (labor market impact, fiscal impact, capital deepening, endogenous education, endogenous inequality). We use a backsolving method to calibrate the model on historical data and then consider two counterfactual variants: a cutoff of all immigration flows since 1950 and a stronger selection policy. According to our simulations, the postwar US immigration is beneficial for all cohorts and all skill groups. These gains are closely related to a long-run fiscal gain and a small labor market impact of immigrants. Finally, we also demonstrate that all generations would have benefited from a stronger selection of immigrants.},
	keywords={computable general equilibrium;welfare;inequality;immigration},
            }