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Knowledge Base

Economic Growth and Immigration with Edward P. Lazear


How do you become a US citizen?

In order to become a US citizen, you must have a green card for at least five years. In addition, you must be at least 18 years old at the time of filing and able to read, write, and speak basic English. To learn more, please click here.

How many legal immigrants come to America each year?

America has averaged about one million permanent new residents a year for the last few decades. The Department of Homeland Security’s “Immigration Data & Statistics” page has the relevant data here.

Terms You May Have Heard:

Brain drain: Abrain drain is a process in which a country loses its most educated and talented workers to other countries through migration. This trend is considered a problem, because the most highly skilled and competent individuals leave the country, and contribute their expertise to the economy of other countries. The country they leave can suffer economic hardships because those who remain don't have the 'know-how' to make a difference.

Deficit: A deficit is an amount by which a resource, such as money, falls short of what is required. A deficit occurs when expenses exceed revenues or imports exceed exports.

Surplus: A surplus is an opposite of a deficit.Surplus is when a country has more resources or assets than it can use in production. In other words, it’s when a country’s assets exceed the useful demand for them.