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George Jesus Borjas (/ ˈ b ɔːr h ɑː s / [1] born Jorge Jesús Borjas, October 15, 1950) [2] is a Cuban-American economist and the Robert W. Scrivner Professor of Economics and Social Policy at the Harvard Kennedy School. [3] He has been described as "America’s leading immigration economist" [4] and "the leading sceptic of immigration ...
While Borjas was the first to mathematically formalize the Roy model, it has guided thinking in other fields of research as well. A famous example by James Heckman and Bo Honoré who study labor market participation using the Roy model, where the choice equation leads to the Heckman correction procedure. [3]
Labour economics seeks to understand the functioning and dynamics of the markets for wage labour. Labour is a commodity that is supplied by labourers , usually in exchange for a wage paid by demanding firms.
George J. Borjas attributes these group differences to two factors: 1. The nature of the migration decision (whether individuals migrated to the United States for political or economic reasons) and 2. The incentives for immigrants to adapt to the U.S. labor market. [24]
There is a wide literature dealing with geographical wage differentials. Following the neoclassical assumption of clearing labour markets, where there is a more attractive area to live in and if labour mobility is perfect, then more and more workers will move to this area which in turn will increase the supply of labour in this area and in turn depress wages.
He has done extensive research on labor economics, human resources and income distribution. His "fundamental contributions to the economic analysis of migration" were rewarded with the IZA Prize in Labor Economics in 2011, with George J. Borjas as co-recipient.
George Borjas (born 1950), American, Harvard Kennedy School; Michael Boskin (born 1945), American, T. M. Friedman Professor of Economics and senior fellow at Stanford University's Hoover Institution; Giovanni Botero (c. 1544–1617), Italian thinker, priest, poet, and diplomat; O. Fred Boucke (1881–1935), American economist
See French and Taber (2011) [29] for a comprehensive discussion of the use of the Roy model in labor economics. Analysis of selection bias has led to substantial improvements in the evaluation of social programs (Heckman et al., 1996, [ 30 ] 1997; [ 31 ] Abbring and Heckman, 2007; [ 32 ] Heckman and Vytlacil, 2007a, [ 17 ] b [ 33 ] ).