Gordon Hanson on the Economic Benefit of Immigration
How immigration can boost the economy
01/30/2012
A.W. Berry,
Helium
Extensive research demonstrates that legal immigration has a substantially beneficial affect on economic performance. For example, increases in productivity following immigration lead to higher average incomes over a 7-10 year period per a study published by the Migration Policy Institute. An additional economic boost of immigration is a demand for housing that helps push up real estate prices per the Center for American Progress. The effect of an increase in housing prices is the net worth of property holders also rises.
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Gordon Hanson is director of the Center on Emerging and Pacific Economies and professor of economics at UC San Diego, where he holds faculty positions in the School of International Relations and Pacific Studies and the Department of Economics. He is a research associate at the National Bureau of Economic Research, a member of the Council on Foreign Relations, and a co-editor of the Review of Economics and Statistics. Prior to joining UC San Diego in 2001, he was on the economics faculty at the University of Michigan (1998-2001) and at the University of Texas (1992-1998).
