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Book
Legalizing Entrepreneurship
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Year: 2022 Publisher: National Bureau of Economic Research

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Book
Executive Order Worth $100 Billion
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Year: 2020 Publisher: National Bureau of Economic Research

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Empowering Migrants : Impacts of a Migrant's Amnesty on Crime Reports
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Year: 2021 Publisher: Washington, D.C. : The World Bank,

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This paper studies whether undocumented immigrants change their crime-reporting behavior after receiving a regular migratory status. It exploits a natural experiment of a massive amnesty program that gave a regular migratory status to over 281,000 undocumented Venezuelan immigrants in Colombia. The findings suggest that following the amnesty there is an increase in reporting of crimes by Venezuelan immigrants, not explained by an increase in crime overall. The results are particularly strong for reports of domestic violence and sex crimes. Results are almost entirely driven by reports by female Venezuelan immigrants, a vulnerable population, suggesting that empowerment is an important mechanism driving the behavior change.


Digital
Does birthplace diversity affect economic complexity ? : cross-country evidence
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Year: 2019 Publisher: Louvain-la-Neuve UCLouvain Institut de recherche économiques et sociales (IRES)

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Legalizing Entrepreneurship
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Year: 2022 Publisher: Cambridge, Mass. National Bureau of Economic Research

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We use administrative data linked to the complete formal business registry to study a 2018 policy shift in Colombia that made nearly half a million Venezuelan undocumented migrants eligible for a resident visa. Immigrants who receive the visa increase their economic activity in the form of higher entrepreneurship by a factor as high as 12, bringing it to parity with native Colombians four years later. To establish causal estimates, we develop a novel extension of a regression discontinuity design. Our design uses variation in the running-variable (coming from rain) to instrument for migrants' choices to apply for visas.

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Book
An Executive Order Worth $100 Billion : The Impact of an Immigration Ban's Announcement on Fortune 500 Firms' Valuation
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Year: 2020 Publisher: Cambridge, Mass. National Bureau of Economic Research

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On June 22, 2020, President Trump issued an Executive Order (EO) that suspended new work visas, barring nearly 200,000 foreign workers and their dependents from entering the United States and preventing American companies from hiring skilled immigrants using H-1B or L1 visas. Exploiting this shock, and using event study methodology analyzing the cumulative average abnormal returns (CAARs) of Fortune 500 companies following this order, we find that the EO statistically and economically significantly caused negative CAARs of up to 0.45%, the equivalent of over 100 billion of US dollars of losses, based on the firms' valuation before the event. Our results are particularly pronounced for firms that had maintained or increased their reliance on skilled immigrant workers over the prior years.

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Book
Forced Migration and Refugees : Policies for Successful Economic and Social Integration
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Year: 2024 Publisher: Cambridge, Mass. National Bureau of Economic Research

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The inflow of refugees and their subsequent integration can be an important challenge for both the refugees themselves and the host society. Policy interventions can improve the lives and economic success of refugees and of their communities. In this paper, we review the socioeconomic integration policy interventions focused on refugees and the evidence surrounding them. We also highlight some interesting topics for future research and stress the need to rigorously evaluate their effectiveness and implications for the successful integration of refugees.

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