Chapter 22: Immigration

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Efficiency gains

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29 Terms

1

Efficiency gains

________ from migration- The same number of workers- rearranged among countries- produces greater total output and income after migration than before migration.

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2

Economic immigrants

International migrants motivated by economic gain

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3

Legal immigrants

Immigrants who are allowed to live + work in US

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4

H1-B provision

Allows high-skilled workers to enter + work in the US for 6 years

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5

Illegal immigrants

Immigrants who arrive illegally or enter legally on temporary visas + don’t leave

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6

Human capital

Stock of knowledge, know-how, and skills that enables a person to be productive + earn income

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7

Beaten paths

Routes taken previously by family, relatives, friends

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8

Backflows

Return migration to home country

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9

Skill transferability

Skills that are transferable between employers in different countries

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10

Economic immigrants

International migrants motivated by economic gain

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11

Legal immigrants

Immigrants who are allowed to live + work in US

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12

H1-B provision

Allows high-skilled workers to enter + work in the US for 6 years

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13

Illegal immigrants

Immigrants who arrive illegally or enter legally on temporary visas + dont leave

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14

Human capital

Stock of knowledge, know-how, and skills that enables a person to be productive + earn income

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15

Beaten paths

Routes taken previously by family, relatives, friends

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16

Backflows

Return migration to home country

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17

Skill transferability

Skills that are transferable between employers in different countries

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18

Self-selection

Because some migrants choose to move while others with similar skills do not, it is possible that those who move possess greater motivation for personal economic gain and greater willingness to sacrifice current consumption for higher levels of later consumption

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19

Efficiency gains from migration

The same number of workers-rearranged among countries-produces greater total output and income after migration than before migration

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20

Brain drain

Emigration of highly educated workers

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21

Remittances

Money transfer to home country

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22

Negative self-selection

Movers are less capable and perhaps less motivated than similarly educated people who have jobs and stay in the origin nation

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23

Compensating wage differential

Wage premium to compensate for undesirable work

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24

Self-selection

Because some migrants choose to move while others with similar skills do not, it is possible that those who move possess greater motivation for personal economic gain and greater willingness to sacrifice current consumption for higher levels of later consumption. If so, these migrants may overcome the problem of imperfect skill transferability and eventually outdo domestic-born workers in wage and salary advancement

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25

Efficiency gains from migration

The same number of workers—rearranged among countries—produces greater total output and income after migration than before migration

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26

Brain drain

Emigration of highly educated workers

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27

Remittances

Money transfer to home country

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28

Negative self-selection

Movers are less capable and perhaps less motivated than similarly educated people who have jobs and stay in the origin nation

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29

Compensating wage differential

Wage premium to compensate for undesirable work

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