Summary: Using PWBM’s dynamic model, we show the macroeconomic effects of Presidential candidate Biden’s immigration proposal. By 2050, GDP increases by 1.7 percent in 2050 relative to current law while GDP per capita stays the same. Please refer to our analysis of the estimate for more information.
Year | GDP | Capital stock | Hours worked | Average hourly wage | Debt Held by the Public |
---|---|---|---|---|---|
2030 | 1.0% | 0.6% | 1.3% | -0.3% | 0.0% |
2040 | 1.5% | 1.4% | 1.7% | -0.2% | -1.0% |
2050 | 1.7% | 1.7% | 1.8% | -0.1% | -1.6% |
Year | GDP | Capital stock | Hours worked | Debt Held by the Public |
---|---|---|---|---|
2030 | -0.1% | -0.4% | 0.3% | -1.0% |
2040 | 0.1% | 0.0% | 0.3% | -2.4% |
2050 | 0.0% | 0.1% | 0.1% | -3.2% |