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DESCRIPTION:\n\n\n \nMoynihan Institute of Global AffairsTrade\, Developmen
 t and Political Economypresent\n\nWalter Steingress Principal Researcher\,
  International\nStudies Division\, Bank of Canada\n\n&nbsp\;\n\n\n \n\n\nT
 his paper\nstudies the causal impact of immigration to the United States o
 n local\ngovernment finances using county-level data from 1990 to 2010. Th
 e main\ncontribution is to show that an increase in the population share o
 f immigrants\nof a U.S. county does not significantly affect\, on average\
 , local public\nrevenues and expenditures. This finding masks important he
 terogeneity in terms\nof the impact of immigrants with different skill lev
 els: Inflows of\nhigh-skilled immigrants improve the fiscal health of loca
 l governments -- by\nincreasing county-level revenues and expenditures -- 
 while the arrival of\nlow-skilled immigrants has the opposite&nbsp\; impac
 t. These effects are\nconsistent with a framework in which tax rates do no
 t (fully) adjust to changes\nin the population\, hence per capita tax reve
 nues and public benefits change as\na consequence of immigration. One of t
 he main channels of impact on\ncounty-level receipts is property tax reven
 ues\, which we show to be closely\nassociated with changes in property val
 ues in response to immigration. The\nauthors also find that transfers to t
 he county from the federal government\n(only) partially offset the local f
 iscal impact of immigration.\n\n&nbsp\;\n\n\n \n\n\n \nWalter\nSteingress 
 is currently a Principal Researcher in the International Studies\nDivision
  at the Bank of Canada. His primary interests lie within the field of\nint
 ernational economics and international migration. Before joining the Bank 
 of\nCanada\, Walter held an appointment at the Bank of France. He earned h
 is Ph.D.\nfrom the University of Montreal and holds a master’s degree from
  Boston\nUniversity.\nFor more information\, contact Ryan Monarch\, rpmona
 rc@syr.edu.&nbsp\; For accessibility accommodations\, please contact Juani
 ta Horan\, jmhoran@syr.edu\n
DTEND:20211021T213000Z
DTSTAMP:20260510T212457Z
DTSTART:20211021T200000Z
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SEQUENCE:0
SUMMARY:Walter Steingress: The fiscal impact of immigration in the United S
 tates: Evidence at the local level
UID:RFCALITEM639140306978845917
X-ALT-DESC;FMTTYPE=text/html:<p>\n\n\n \nMoynihan Institute of Global Affai
 rs</p><p>Trade\, Development and Political Economy</p><p><br></p><p>presen
 t</p><p><br></p><p>\n\n<br></p><p><b>Walter Steingress</b> </p><p>Principa
 l Researcher\, International\nStudies Division\, Bank of Canada\n\n&nbsp\;
 \n</p><p>\n\n \n<br>\n\nThis paper\nstudies the causal impact of immigrati
 on to the United States on local\ngovernment finances using county-level d
 ata from 1990 to 2010. The main\ncontribution is to show that an increase 
 in the population share of immigrants\nof a U.S. county does not significa
 ntly affect\, on average\, local public\nrevenues and expenditures. This f
 inding masks important heterogeneity in terms\nof the impact of immigrants
  with different skill levels: Inflows of\nhigh-skilled immigrants improve 
 the fiscal health of local governments -- by\nincreasing county-level reve
 nues and expenditures -- while the arrival of\nlow-skilled immigrants has 
 the opposite&nbsp\; impact. These effects are\nconsistent with a framework
  in which tax rates do not (fully) adjust to changes\nin the population\, 
 hence per capita tax revenues and public benefits change as\na consequence
  of immigration. One of the main channels of impact on\ncounty-level recei
 pts is property tax revenues\, which we show to be closely\nassociated wit
 h changes in property values in response to immigration. The\nauthors also
  find that transfers to the county from the federal government\n(only) par
 tially offset the local fiscal impact of immigration.\n\n&nbsp\;\n</p><p>\
 n\n \n<b><br>\n\n \nWalter\nSteingress</b> is currently a Principal Resear
 cher in the International Studies\nDivision at the Bank of Canada. His pri
 mary interests lie within the field of\ninternational economics and intern
 ational migration. Before joining the Bank of\nCanada\, Walter held an app
 ointment at the Bank of France. He earned his Ph.D.\nfrom the University o
 f Montreal and holds a master’s degree from Boston\nUniversity.\n</p><p><b
 r></p><p>For more information\, contact Ryan Monarch\, <a href="mailto:rpm
 onarc@syr.edu">rpmonarc@syr.edu</a>.&nbsp\; For accessibility accommodatio
 ns\, please contact Juanita Horan\, jmhoran@syr.edu\n<br></p>
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