Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/284009 
Year of Publication: 
2024
Series/Report no.: 
Working Paper No. 2024-2
Publisher: 
Federal Reserve Bank of Atlanta, Atlanta, GA
Abstract: 
This paper studies the impact of skilled immigration policy frictions in the United States on technology-intensive firms by age cohorts. We use firm-level data and a general equilibrium model with endogenous firm entry and exit. The empirical results show that skilled immigration policy frictions directly influence young firm dynamics in technology-intensive sectors by affecting firm survival. Our general equilibrium model incorporates skilled foreign labor and immigration policy frictions that mimic the H-1B policy and matches the age distribution of firms in high-technology sectors, showing also that increased entry of younger firms leads to a greater exit of older firms.
Subjects: 
skilled immigration
start-ups
high-technology firms
firm dynamics
JEL: 
F22
M13
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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