this light, we assess the effects of housing prices and credit supply on young-firm activity. Our panel IV estimation on …

We present a three-stage estimation procedure to recover willingness to pay for housing attributes. In the first stage …

, 2000 and 2010. Our structural estimation helps identify the channel through which the thick market effect amplifies the …

This paper reviews the recent evidence on U.S. immigration, focusing on two key questions: (1) Does immigration reduce … the labor market opportunities of less-skilled natives? (2) Have immigrants who arrived after the 1965 Immigration Reform … from immigration and the rise of other education-related wage gaps. Overall, evidence that immigrants have harmed the …

on this "shift-share" instrument conflate the short- and long-run responses to immigration shocks. If the spatial …-run effects. Our results are a cautionary tale for a large body of empirical work, not just on immigration, that rely on shift …

Previous studies tend to find that immigration has a weak negative effect on the employment and earnings of native …-born workers. These studies overlook the effect of immigration on an important sector of the labor force, the self- employed ….S. to examine the relationship between black self-employment and immigration in both 1980 and 1990. To control for permanent …