Immigration.

AuthorVan Doren, Peter
PositionWorking Papers: A SUMMARY OF RECENT PAPERS THAT MAY BE OF INTEREST TO REGULATION'S READERS.

* "A Market for Work Permits," by Michael Lokshin and Martin Ravallion. December 2019. NBER #26590.

Many people outside the United States seek to work here, but the legal right do so is very limited. The demand is so large that a vast illegal market exists to facilitate entry. Many U.S. citizens dislike illegal immigration and have elected national officials who favor tighter restrictions on immigration.

This paper proposes that Americans who do not wish to work could rent out their right to participate in the U.S. labor market to...

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