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| Thomas Lebesmuehlbacher and Alex M. Palmer |
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| ''Immigration and trade: Evidence from the 1920s Quota Acts'' |
| ( 2022, Vol. 42 No.3 ) |
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| During the 1920s, the US implemented a series of migration restrictions, effectively ending mass migration from Europe. We exploit this shock to migration to identify the effect of migration on trade in a Difference-in-Difference model with heterogeneous treatment effects. Our analysis shows that the 1920's quotas lowered US-European migration, especially the migration from Southern and Eastern Europe, with negative effects for US-European trade. We argue that unobserved changes to tariffs after the war are unlikely to drive these results. |
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| Keywords: Trade, Migration, 1920 Quota |
JEL: F2 - International Factor Movements and International Business: General
F1 - Trade: General |
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| Manuscript Received : Jan 21 2022 | | Manuscript Accepted : Sep 30 2022 |
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