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    Which is better – a real or a fake Christmas tree?

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        Alaska and Hawaiian Airlines Are Merging: What It Means for Travelers

        Alaska and Hawaiian Airlines Are Merging: What It Means for Travelers

        Oh, Christmas tree: The economics of the US holiday tree industry

        Oh, Christmas tree: The economics of the US holiday tree industry

        How AI Chat Search Could Disrupt Online Advertising

        Spotify CEO cites “expensive” capital as factor in layoffs. What does that mean?

        EXPERT: IN-PERSON WORK ALONE WON’T FIX LONELINESS

        EXPERT: IN-PERSON WORK ALONE WON’T FIX LONELINESS

        Can Important Unions Collapse and Disappear?

        Can Important Unions Collapse and Disappear?

        The Right Amount of Cards, Cash and ID to Carry in Your Wallet

        Why Is Everyone So Unhappy at Work Right Now?

        Scrapping the state’s liquor license law makes economic sense

        Scrapping the state’s liquor license law makes economic sense

        Airlines are frustrating travelers by changing frequent flyer program rules – here’s why they keep doing it

        Airlines are frustrating travelers by changing frequent flyer program rules – here’s why they keep doing it

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        S1:E1 CVS Paying the “Pink Tax” on Certain Products and the Evolution of the Electric Vehicle Industry

        Questrom $50K Case Competition: In the Trenches of Sustainability with Casella

        S1:E1 CVS Paying the “Pink Tax” on Certain Products and the Evolution of the Electric Vehicle Industry

        The Optimistic Pessimist

        Shein & Forever 21 Strike a Deal

        Shein & Forever 21 Strike a Deal

        S1:E1 CVS Paying the “Pink Tax” on Certain Products and the Evolution of the Electric Vehicle Industry

        Questrom and BU Means Innovation and Entreprenuership

        A new travel nightmare: New passport delays lasting 13 weeks

        A new travel nightmare: New passport delays lasting 13 weeks

        Leadership Communications

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        Demotivating Effects of Relative Performance Feedback on Middle-Ranked Workers’ Performance

        Demotivating Effects of Relative Performance Feedback on Middle-Ranked Workers’ Performance

        S1:E1 CVS Paying the “Pink Tax” on Certain Products and the Evolution of the Electric Vehicle Industry

        AI: What is it and how will it impact business?

        Is Creativity in Advertising Dead in the age of AI?

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        Alaska and Hawaiian Airlines Are Merging: What It Means for Travelers

        Alaska and Hawaiian Airlines Are Merging: What It Means for Travelers

        Newton Grandmother Scammed out of $20,000, Used Bitcoing ATMs to Send Money

        Which is better – a real or a fake Christmas tree?

        How AI Chat Search Could Disrupt Online Advertising

        Spotify CEO cites “expensive” capital as factor in layoffs. What does that mean?

        The Danger of Racial Colorblindness 

        The Danger of Racial Colorblindness 

        EXPERT: IN-PERSON WORK ALONE WON’T FIX LONELINESS

        EXPERT: IN-PERSON WORK ALONE WON’T FIX LONELINESS

        Can we count on carbon capture to abate climate change?

        Can we count on carbon capture to abate climate change?

        The Cybertruck Must Be Huge—or It Will Dig Tesla’s Grave

        The Cybertruck Must Be Huge—or It Will Dig Tesla’s Grave

        Can Important Unions Collapse and Disappear?

        Can Important Unions Collapse and Disappear?

        The Right Amount of Cards, Cash and ID to Carry in Your Wallet

        Why Is Everyone So Unhappy at Work Right Now?

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          Where Should Your Company Start with GenAI? 

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          How Retailers Can Capitalize on the “Refund Effect”

          How Retailers Can Capitalize on the “Refund Effect”

          Should Companies Refrain From Making Political Statements?

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          Make It Safe for Employees to Speak Up – Especially in Risky Times

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          Will Generative AI Create a New Era of Search Competition?

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          Economists Say Increasing Immigration Will Reduce Inflation

          Forbes

          Patricia CortesbyPatricia Cortes
          May 4, 2023
          in Business Policy & Markets, Media Mention, National Media
          33
          0
          3 Ways Boston University’s Online MBA Is A Disruptor In Business Education
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          May 4, 2023

          Forbes recently published an article featuring Patricia Cortes, Associate Professor in Markets, Public Policy, and Law, discussing her research revealing that reducing inflation is possible by increasing immigration levels.

          Expanding legal channels for temporary workers and admitting more family and employment-based immigrants is one of the best ways to reduce inflation, economists say. Research also shows that increased legal admissions can reduce illegal entry. It is not new to economists that a lack of immigrants can reduce Americans’ purchasing power and contribute to inflation.

          According to her research conducted in 2008, Cortes states, “The net effect of immigration on natives’ purchasing power . . . depends not only on wage but also on price effects.”

          The cost of immigrant-intensive services, such as housekeeping and gardening, drops by 2% when the share of low-skilled immigrants in the labor force increases by 10%, Cortes found. “Low-skilled natives and low-skilled immigrants are not perfect substitutes [in production] . . . therefore, a low-skilled immigration shock should affect mostly the wages of other low-skilled immigrants and have little effect on the wages of low-skilled natives.” The connection between migration and inflation illustrates how immigrants also improve labor market responsiveness to local changes in demand and supply.

          Source: Economists Say Increasing Immigration Will Reduce Inflation
          Via: Forbes
          Tags: Inflationmedia mentionPatricia Cortes
          Patricia Cortes

          Patricia Cortes

          Patricia Cortes is an Associate Professor of Markets, Public Policy, and Law at Boston University Questrom School of Business and Associate Director of the Human Capital Initiative at the Global Development Policy Center of Boston University. She is an empirical labor economist working on international migration and gender. Her work has been published in leading economic journals, such as the Journal of Political Economy, Review of Economic Studies, American Economic Journal: Applied Economics, Journal of Labor Economics, Journal of Human Resources and Journal of Health Economics. Cortes obtained her PhD in Economics from MIT and a Master’s and Bachelor’s degree in Economics from La Universidad de los Andes in Bogota, Colombia.

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