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DESCRIPTION:Anna Maria Mayda on&nbsp\;The Impact of Skilled Foreign Workers
  on Firms: An Investigation of Publicly Traded FirmsAnna Maria Mayda\, Geo
 rgetown UniversityAuthors: Anirban Ghosh\, Anna maria Mayda and Francesc O
 rtegaMany\nU.S. businessmen are vocally in favor of an increase in the num
 ber of H-1B\nvisas. Is there systematic evidence that this would positivel
 y affect firms'\nproductivity\, sales\, employment or\nprofits? To address
  these questions we assemble a unique dataset that\nmatches all\nlabor con
 dition applications (LCAs)-\nthe\nfirst step towards H-1B visas for skille
 d\nforeign-born workers in the U.S. - with firm-level data on publicly-tra
 ded\nU.S.\nfirms (from Compustat).\nOur identification is based on the sha
 rp reduction in the\nannual H-1B\ncap that took place in 2004\, combined w
 ith information on the degree of\ndependency on H-1B visas at the firm lev
 el as\nin Kerr and Lincoln (2010). The main\nresult of\nthis paper is that
 \, if the cap on H-1B visas were relaxed\, a select group of\nfirms would\
 nexperience gains in average labor productivity\, firm size\, and profits.
  These\nfirms are\nheavy users of H-1B workers - they belong to the top qu
 intile among filers of\nLCA applications.\nWe also find that the results a
 re driven by the firms that conduct\nR&amp\;amp\;D and\nby those in the ma
 nufacturing sector\, which have the highest average R&amp\;amp\;D\nexpendi
 tures in our data. These empirical\nfindings are consistent with a monopol
 istic\ncompetition model with heterogeneous firms\nwhere productivity is a
  function of the\nnumber of\nskilled workers in the firm.Anna\nMaria Mayda
 \nis Associate Professor of Economics and Foreign Service at Georgetown\nU
 niversity. Her research areas are international trade\, international migr
 ation\nand political economy. Her work has been published in top journals 
 such as the\nQuarterly Journal of Economics\, the Review of Economics and 
 Statistics and the\nJournal of International Economics. She holds a Ph.D. 
 in Economics from Harvard.Open to the public.Sponsored\nby the Trade Devel
 opment and Political Economy program at the Moynihan Institute of Global A
 ffairs  
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SUMMARY:TDPE presents: The Impact of Skilled Foreign Workers on Firms: An I
 nvestigation of Publicly Traded Firms
UID:RFCALITEM639121237980125245
X-ALT-DESC;FMTTYPE=text/html:<p></p><p></p><p><b>Anna Maria Mayda on&nbsp\;
 The Impact of Skilled Foreign Workers on Firms: An Investigation of Public
 ly Traded Firms</b></p><p><b>Anna Maria Mayda\,</b> <i>Georgetown Universi
 ty</i></p><p>Authors: Anirban Ghosh\, Anna maria Mayda and Francesc Ortega
 </p><p>Many\nU.S. businessmen are vocally in favor of an increase in the n
 umber of H-1B\nvisas. Is there systematic evidence that this would positiv
 ely affect firms'\nproductivity\, sales\, employment or\nprofits? To addre
 ss these questions we assemble a unique dataset that\nmatches all\nlabor c
 ondition applications (LCAs)-\nthe\nfirst step towards H-1B visas for skil
 led\nforeign-born workers in the U.S. - with firm-level data on publicly-t
 raded\nU.S.\nfirms (from Compustat).\nOur identification is based on the s
 harp reduction in the\nannual H-1B\ncap that took place in 2004\, combined
  with information on the degree of\ndependency on H-1B visas at the firm l
 evel as\nin Kerr and Lincoln (2010). The main\nresult of\nthis paper is th
 at\, if the cap on H-1B visas were relaxed\, a select group of\nfirms woul
 d\nexperience gains in average labor productivity\, firm size\, and profit
 s. These\nfirms are\nheavy users of H-1B workers - they belong to the top 
 quintile among filers of\nLCA applications.\nWe also find that the results
  are driven by the firms that conduct\nR&amp\;amp\;D and\nby those in the 
 manufacturing sector\, which have the highest average R&amp\;amp\;D\nexpen
 ditures in our data. These empirical\nfindings are consistent with a monop
 olistic\ncompetition model with heterogeneous firms\nwhere productivity is
  a function of the\nnumber of\nskilled workers in the firm.</p><p>Anna\nMa
 ria Mayda\nis Associate Professor of Economics and Foreign Service at Geor
 getown\nUniversity. Her research areas are international trade\, internati
 onal migration\nand political economy. Her work has been published in top 
 journals such as the\nQuarterly Journal of Economics\, the Review of Econo
 mics and Statistics and the\nJournal of International Economics. She holds
  a Ph.D. in Economics from Harvard.</p><p>Open to the public.</p><b><i>Spo
 nsored\nby the Trade Development and Political Economy program at the Moyn
 ihan Institute of Global Affairs</i></b><p><br></p><p> </p><p> </p><p><br>
 </p><p></p><p></p>
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