Thoughts on business school, economics, NC State, and everyday life from an economist at NC State's business school
Friday, June 15, 2012
Today's immigration news
President Obama announced today that the US would no longer deport illegal aliens age 30 who came to the country before they were 16, as long as they do not pose a security threat. Republicans called it a political move, although you have to wonder where the votes are on this (unless I underestimate vote fraud). Economically, the main impact will be to encourage young illegal aliens to make further investments in their own human capital, since they need not be as concerned about deportation. But the odds of deportation now are not especially high, so the even lower odds are unlikely to be a game changer.
Steve Allen is Associate Dean for Graduate Programs and Research in the College of Management at NC State University. He has appointments in the Department of Economics as well as the Department of Management, Innovation, and Entrepreneurship. Steve also is a Research Associate of the National Bureau of Economic Research, a non-profit research organization located in Cambridge, Mass.