Evidence suggests that amnesty for undocumented immigrants in 1986 significantly reduced crime in the US
In 2015, the role of undocumented immigrants in US society has become much more prominent, with many arguing for a full amnesty for the 11 million currently in the country. In new research, Scott R. Baker finds that a 1986 amnesty for nearly 3 million undocumented immigrants led to a 3-5 percent persistent fall in crime. He writes that […]
Higher policy uncertainty curbs business investment and employment growth
Higher policy uncertainty curbs business investment and employment growth
The years following the global economic crisis of 2008-2009 have been marked by policy uncertainty, both in the US and across the world. In new research, Scott R. Baker, Nicholas Bloom, and Steven Davis develop an index of economic policy uncertainty to examine how this uncertainty shapes economic outcomes. Using data going back to 1900 and extending coverage to […]