EMBARGOED UNTIL 6:00 AM ET APRIL 12, 2017

An Open Letter from 1,470 Economists on Immigration

Dear Mr. President, Majority Leader McConnell, Minority Leader Schumer, Speaker Ryan, and Minority Leader Pelosi:

The undersigned economists represent a broad swath of political and economic views. Among us are Republicans and Democrats alike. Some of us favor free markets while others have championed for a larger role for government in the economy. But on some issues there is near universal agreement. One such issue concerns the broad economic benefit that immigrants to this country bring.

As Congress and the Administration prepare to revisit our immigration laws, we write to express our broad consensus that immigration is one of America’s significant competitive advantages in the global economy. With the proper and necessary safeguards in place, immigration represents an opportunity rather than a threat to our economy and to American workers.

We view the benefits of immigration as myriad: ● Immigration brings entrepreneurs who start new businesses that hire American workers. ● Immigration brings young workers who help offset the large-scale retirement of baby boomers. ● Immigration brings diverse skill sets that keep our workforce flexible, help companies grow, and increase the productivity of American workers. ● Immigrants are far more likely to work in innovative, job-creating fields such as science, technology, engineering, and math that create life-improving products and drive economic growth.

Immigration undoubtedly has economic costs as well, particularly for Americans in certain industries and Americans with lower levels of educational attainment. But the benefits that immigration brings to society far outweigh their costs, and smart immigration policy could better maximize the benefits of immigration while reducing the costs.

We urge Congress to modernize our immigration system in a way that maximizes the opportunity immigration can bring, and reaffirms continuing the rich history of welcoming immigrants to the United States.

Sincerely,

Douglas Holtz-Eakin Lars Peter Hansen Abigail S. Hornstein American Action Forum; Nobel Laureate in Economic Wesleyan U. Alan Blinder Former Director of the Sciences, 2013; U. of Chicago Princeton U.; The Brookings Congressional Budget Office Abraham Wickelgren Institution Martin Baily Roger Myerson U. of Texas, Austin Alice Rivlin Former Chairman, Pres. Nobel Laureate in Economic Alan D. Viard The Brookings Institution Clinton's Council of Economic Sciences, 2007; U. of Chicago Adam Gifford American Enterprise Institute Advisers California State U. (Emeritus) Austan Goolsbee A. James Lee Alan de Brauw U. of Chicago Phil Gramm AJL Health Economics Adam Grossberg International Food Policy Gramm Partners; Former Chair Trinity College (CT) Research Institute George P. Shultz of the Senate Banking Comm. Aaron Edlin Former Sec. of State; Hoover UC, Berkeley; Clinton's Council Adam Storeygard Alan Gin Institution; Stanford U. Vernon Smith of Economic Advisors Tufts U. U. of San Diego Nobel Laureate in Economic Glenn Hubbard Sciences, 2002; Chapman U. Abdirahman M Abdi Adora Holstein Columbia U. Savanna Consultancy Robert Morris U. Alan Green Oliver Hart Stetson U. Jason Furman Nobel Laureate in Economic Abdul Pathan Adriana Kugler Former Chairman, Pres. Sciences, 2016; Harvard U. Pennsylvania College of Georgetown U. Alan Heston Obama's Council of Economic Technology, Penn State U. UPenn Advisers Alvin E. Roth Ahmed Mushfiq Mobarak Nobel Laureate in Economic Abdur Chowdhury Yale U. Alan Randall Jim Miller Sciences, 2012; Stanford U. Marquette U. Ohio State U. Former OMB Director for Pres. Alain Enthoven Reagan Angus Deaton Abhradeep Maiti Stanford U. Alan Rufus Waters Nobel Laureate in Economic Indian Institute of Management, Colorado State U., Fresno Laura Tyson Sciences, 2015; Princeton U. Kashipur Alan Benson UC, Berkeley U. of Minnesota Alan V. Deardorff U. of Michigan Boston College Annette Bourbonniere Atin Basuchoudhary Bernard Baumohl Albert J .Sumell Anderson Reynolds U. of Rhode Island Virginia Military Institute Economic Outlook Group Youngstown State U. EconoTech Consulting Services Anthony B. Sanders Audrey Light Bert Ely Albert Wojnilower Andreas Waldkirch George Mason U. Ohio State U. Ely & Company, Inc. Craig Drill Capital Colby College Anthony Fisher Austin Boyle Berthold Herrendorf Alberto Bisin Andrei Simonov UC, Berkeley Penn State U. Arizona State U. NYU Michigan State U. Anthony Negbenebor B. Espen Eckbo Beryl Y. Chang Alejandro Molnar Andres Moya Gardner-Webb U. Dartmouth College NYU Vanderbilt U. U. of the Andes Anthony Patrick O'Brien Baizhu Chen Betty Krier Alejandro Rivera Andrew Atkeson Lehigh U. USC U.S. Department of U. of Texas, Dallas UC, Los Angeles Transportation Antonio J. Fernós-Sagebien Barak Richman Aleksandr Yankelevich Andrew B. Bernard Interamerican Duke U. Bhagwan Chowdhry Michigan State U. Dartmouth College U. of Puerto Rico UC, Los Angeles

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