ECON 429 Study Guide - Midterm Guide: Eastern Hemisphere, Ice 3, Consumption Smoothing
Document Summary
Is the current level of immigration in the us high or low compared to its history and the levels in other industrialized countries (borjas 1994 t1;i. 11. What were the historical (i) rates, (ii) main countries of origin, and (iii) relative educational attainment compare to today: us immigration policy (notes): trends; 1921 quota law and family reunification; 1965 (restrictions in eastern hemisphere, not enforced in western hemisphere); family reunification & skill admission. 1986 irca: border enforcement, employer sanctions, amnesty (2. 7 mil legalizations); 1990 675,000 annual visa cap; more. H1b1 visas; 1996 more border patrol, criminal prosecution of smugglers and apprehended unauthorized migrants; reduced access to welfare for immigrants; Draw lnw by t profile setting educ to 0 and to 10. Inference: t ratio: formula, critical values, example on the board (made up numbers) Correlation differs from causality if omitted variable bias or reverse causality. If association: in this sample, average earnings are x% higher for each extra year of experience.
