Skilled Labor Mobility and Firm Value: Evidence from Green Card Allocations

2020 ◽  
Author(s):  
Mo Shen
Keyword(s):  
Firm Value ◽  
Labor Mobility ◽  
Skilled Labor ◽  
Green Card

Skilled Labor Mobility and Firm Value: Evidence from Green Card Allocations

2021 ◽  
Author(s):  
Mo Shen
Keyword(s):  
Firm Value ◽  
Labor Mobility ◽  
Adjustment Costs ◽  
Labor Costs ◽  
Skilled Workers ◽  
Application Process ◽  
Corporate Valuation ◽  
Green Card ◽  
Labor Adjustment Costs ◽  
Labor Adjustment

Abstract This paper studies how the labor market frictions of skilled workers affect corporate valuation. The analysis features immigrant workers’ mobility constraints imposed by the U.S. green card application process and exploits exogenous variations caused by imperfections in the current immigration system. The study finds that relaxing mobility constraints negatively influences firm value. This effect is stronger for firms with higher labor adjustment costs. Reductions in investments and increases in labor costs are channels through which labor mobility adversely affects firm value. The findings suggest that monopoly rent over skilled workers is an important economic determinant of corporate valuation.

scholarly journals How Do City Size and Immigration Policies Affect Labor Mobility?

2021 ◽  
Vol 8 (9) ◽  
pp. 179-183
Author(s):  
Zhuang Xia ◽  
Keyword(s):  
Labor Force ◽  
Labor Mobility ◽  
Labor Policy ◽  
Floating Population ◽  
City Size ◽  
Dynamic Monitoring ◽  
Skilled Labor ◽  
Policy Selection ◽  
High Level ◽  
The Impact

This paper uses the micro data from the National Health Commission’s “China floating population dynamic monitoring survey” (CMDS) project, and uses probit and Ivprobit models to analyze the impact of policy selection on Labor mobility Decision-making under different city sizes. The results show that: (1) the larger the city size, the more conducive to labor inflow, and the externality of human capital has a positive regulatory effect; (2) the impact of city size on Labor mobility has policy screening heterogeneity, the more obvious the policy threshold, the more conducive to high-level labor inflow. Making more reasonable labor policy, reducing the threshold of labor inflow, breaking the barriers of labor inflow, balancing the gap between high skilled labor force and low skilled labor force, weakening the crowding out effect of urban scale expansion and labor policy can effectively attract talents and promote urban development.

High-Skilled Labor Mobility in Europe Before and After the 2004 Enlargement

2017 ◽  
Author(s):  
Alexander Michael Petersen ◽  
Michelangelo Puliga
Keyword(s):  
Labor Mobility ◽  
Skilled Labor ◽  
Before And After

Skilled-Labor Mobility in Postwar Europe

2009 ◽  
pp. 53-80 ◽  
Author(s):  
L. Alan Winters
Keyword(s):  
Labor Mobility ◽  
Skilled Labor ◽  
Postwar Europe

scholarly journals The political economy of pension systems with low‑skilled labor mobility: a crossss‑country analysis

2018 ◽  
pp. 27-48 ◽  
Author(s):  
Ana Fontoura Gouveia
Keyword(s):  
Labor Mobility ◽  
Pension System ◽  
Majority Voting ◽  
Skilled Labor ◽  
Social Security Systems ◽  
Security Systems ◽  
Tax Rate ◽  
Country Analysis ◽  
The Interest Rate ◽  
The Impact

This paper analyzes the impact of international low‑skilled labor mobility on the majority support for a pension system in individual countries and on the welfare of the different agents. The two countries considered differ in the amount of redistribution from the high to the low‑skilled population embedded in their pay‑as‑you‑go social security systems, whose size (tax rate) is decided by majority voting, anticipating the impact on mobility. We show that labor mobility can create the conditions for a majority to favor pensions in a Bismarckian country, due to the ageing of the population caused by the departure of the young mobile. In a Beveridgean country, mobility does not necessarily undermine the support for the system, but may make the conditions for its existence more stringent, even if no individual migrates in equilibrium. Finally, we show that while labor mobility is always politically sustainable in the non‑redistributive country, its political feasibility is at stake in the country performing income redistribution through the pension system whenever the interest rate is not sufficiently large.

scholarly journals Skilled Labor Mobility and Migration

2019 ◽  
Author(s):  
Elisabetta Gentile
Keyword(s):  
Labor Mobility ◽  
Skilled Labor ◽  
And Migration

An Assessment of the German Green Card Regulations from the point of view of Developing Countries

2002 ◽  
Vol 30 (3) ◽  
pp. 219-228
Author(s):  
Karl Wolfgang
Keyword(s):  
Developing Countries ◽  
Point Of View ◽  
Green Card

Wages Paid for Skilled Labor

1864 ◽  
Vol 11 (4) ◽  
pp. 58-58
Keyword(s):  
Skilled Labor
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