The immigration debate playing out in the United States is beleaguered by concerns over whether unskilled immigrant workers are undermining the economic position of low-skilled American citizens. But concern over low-skilled immigration may be overshadowing di... More »
In the last year, immigration has captured political and economic debates in numerous countries. Some argue that immigrants displace citizens of the receiving country, while others claim that their tax contributions stimulate economic growth. In spite of these... More »
The World Economic Forum estimates that for every dollar a woman earns, a man earns $1.54 in the United States. Holding all else equal, it would take the world 169 years to close the wage gap completely. This disparity has triggered an ongoing debate not only ... More »
Economics of Immigration SeriesThe Chicago Policy Review is pleased to present a new special series on immigration. Originally conceived in October 2016, the Review did not anticipate that the timing of this series would be so relevant. Currently, the economic... More »
As recently as twenty years ago, economists taught that as the supply of unskilled labor increased due to immigration, legal or otherwise, the wages and employment of natives would fall as the two groups competed for a fixed number of jobs. This perspective ca... More »
Global poverty has been decreasing over the past two decades as a result of fast-paced economic growth. The number of people living in extreme poverty, which is defined as a household subsisting on less than $1.90 a day, fell by more than 60 percent over this ... More »
Since 2015, the Mexican Peso has been the second most depreciated currency among emerging countries. This depreciation is mostly due to the operating and liquidity conditions of the currency, since it can be traded twenty-four hours a day, seven days a week, w... More »
After the financial crisis, the number of unemployed workers in the United States reached nearly 15 million in 2009 and the unemployment rate rose almost 10 percent in the same period. The slow recovery of the economy, and particularly of employment, has led t... More »
Productivity is a fundamental concept in business because it encompasses how employees, firms, and the economy as a whole efficiently transform their inputs into outputs. From the macroeconomic perspective, productivity is often analyzed using aggregate indust... More »
Most firms in today’s economy are dependent on financial services such as lending or insurance. Developed countries are at the forefront of financial availability in terms of both institutions and regulations. By ensuring broad access to finance, countries pr... More »
Illegal immigration is a tumultuous topic for the Obama administration, and continues to be a source of heated debate in the 2016 presidential election. The U.S. Customs and Border Protection (CBP) Agency reports that illegal attempts to cross the Mexico–US bo... More »
There is an ongoing debate about the impact of international aid on growth, particularly in developing countries. Jeffrey Sachs and William Easterly represent the two primary strains of thought in this debate. Sachs argues that foreign aid constitutes an impor... More »