@TechReport{iza:izadps:dp16917,
            	author={Mahajan, Parag and Morales, Nicolas and Shih, Kevin Y. and Chen, Mingyu and Brinatti, Agostina},
            	title={The Impact of Immigration on Firms and Workers: Insights from the H-1B Lottery},
            	year={2024},
	month={Apr},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={16917},
            	url={https://www.iza.org/publications/dp16917},
	abstract={We study how random variation in the availability of highly educated, foreign-born workers impacts firm performance and recruitment behavior. We combine two rich data sources: 1) administrative employer-employee matched data from the US Census Bureau; and 2) firmlevel information on the first large-scale H-1B visa lottery in 2007. Using an event-study approach, we find that lottery wins lead to increases in firm hiring of college-educated, immigrant labor along with increases in scale and survival. These effects are stronger for small, skill-intensive, and high-productivity firms that participate in the lottery. We do not find evidence for displacement of native-born, college-educated workers at the firm level, on net. However, this result masks dynamics among more specific subgroups of incumbents that we further elucidate.},
	keywords={immigration;firm dynamics;productivity;H-1B visa;high-skilled migration},
            }