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How Do College-Educated Immigrants Affect US Firms and Workers?, No. 24-15

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How Do College-Educated Immigrants Affect US Firms and Workers?, No. 24-15

DATE: May 2024

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We study the impact of hiring a college-educated immigrant through the H-1B lottery on the performance and hiring behavior of U.S. firms. When firms win the H-1B lottery, they expand in terms of employment and revenues. Lottery winners are also more likely to stay active. The firms that benefit the most from immigrant workers are small, high-productivity firms. A majority of existing workers at the firm benefit from being exposed to an H-1B coworker, but there are interesting dynamics across different types of workers that we further elucidate.

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Federal Reserve Bank of Richmond. "How Do College-Educated Immigrants Affect US Firms and Workers?, No. 24-15" in Economic Brief (May 2024). https://fraser.stlouisfed.org/title/6034/item/667667, accessed on January 24, 2025.

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