The Gift of Global Talent: Innovation Policy and the Economy
NBER Working Paper No. 25875
Talent is the most precious resource for today’s knowledge-based economy, and a significant share of the U.S. skilled workforce in technology fields is foreign born. The United States has long held a leading position in attracting global talent, but the gap to other countries is weakening. Immigration policies like the H-1B visa program shape the admissions of foreign workers to the country and grant a particularly strong gatekeeping role to sponsoring firms and universities. This chapter explores the data around global talent flows and some of the economic implications of an employer-driven immigration approach.
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Document Object Identifier (DOI): 10.3386/w25875
Forthcoming: The Gift of Global Talent: Innovation Policy and the Economy, William R. Kerr. in Innovation Policy and the Economy, Volume 20, Lerner and Stern. 2019