Lower Immigration Means Lower Productivity Growth

2026

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AI-generated summary

1) Reduced immigration leads to lower productivity growth due to decreased business formation and entrepreneurship.
2) This paper analyzes the impact of immigration policy on demographics, business formation, and aggregate productivity growth.
3) It finds that lower immigration reduces the number of new firms, leading to a long-term decline in productivity.
4) The analysis quantifies the productivity shortfall under different immigration scenarios and explores the channels through which this impact occurs.
Tags: immigration, productivity, business formation, entrepreneurship, economic growth

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