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Why U.S. Immigration Matters for the Global Advancement of Science

Author

Listed:
  • Ruchir Agarwal
  • Patrick Gaulé
  • Geoff Smith

Abstract

This paper studies the impact of U.S. immigration barriers on global knowledge production. We present four key findings. First, among Nobel Prize winners and Fields Medalists, migrants to the U.S. play a central role in the global knowledge network—representing 20-33% of the frontier knowledge producers. Second, using novel survey data and hand-curated life-histories of International Math Olympiad (IMO) medalists, we show that migrants to the U.S. are up to six times more productive than migrants to other countries—even after accounting for talent during one’s teenage years. Third, financing costs are a key factor preventing foreign talent from migrating abroad to pursue their dream careers, particularly for talent from developing countries. Fourth, certain ‘push’ incentives that reduce immigration barriers—by addressing financing constraints for top foreign talent—could increase the global scientific output of future cohorts by 42 percent. We concludeby discussing policy options for the U.S. and the global scientific community.

Suggested Citation

  • Ruchir Agarwal & Patrick Gaulé & Geoff Smith, 2021. "Why U.S. Immigration Matters for the Global Advancement of Science," IMF Working Papers 2021/042, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:2021/042
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    1. Choudhury, Prithwiraj & Ganguli, Ina & Gaulé, Patrick, 2023. "Top Talent, Elite Colleges, and Migration: Evidence from the Indian Institutes of Technology," Journal of Development Economics, Elsevier, vol. 164(C).

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    More about this item

    Keywords

    Immigration; Science; Talent; Universities; WP; IMO medalist; migrants to the U.S.; IMO participant; productivity regression; IMO point; Migration; Productivity; Income; Global;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers

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