In the late summer of 2005, Hurricanes Katrina and Rita wrought severe damage along much of the Gulf Coast, stretching from Alabama west - ward to Texas, with perhaps the most devastating consequences for the greater New Orleans area.
Topic:
Demographics, Development, Economics, and Environment
Audrey Singer, Jeremy Smith, Robin Newberger, and Anna Paulson
Publication Date:
05-2006
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
The United States has long benefited from the aspirations, talents, and hard work of the many immigrants who have settled here. Each generation has debated the costs of immigration and its benefits and grappled with how best to incorporate immigrants into U.S. society. The unparalleled size and growth of the contemporary immigrant population means that these conversations and debates continue today in communities throughout the country. The well-being of the nation increasingly depends on whether immigrants' economic progress keeps up with their demographic growth.
William H. Frey, Alan Berube, Audrey Singer, and Jill H. Wilson
Publication Date:
10-2006
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
Beyond the suburbs, at the far edges of metropolitan areas, communities both new and old are developing the capacity to house large flows of incoming residents.
Most immigrants arrive in the United States having planned their journey. Often they know in advance where they will initially live and work when they arrive, and many can rely on family, friends, and compatriots to cushion their transition. In short, most immigrants have made choices about their future.
The United States is in the midst of a wave of unprecedented immigration. Immigrants comprised 11.1 percent of the U.S. population in 2000. During the 1990s alone, the foreign-born population grew by 11.3 million, or 57.4 percent, bringing the Census 2000 count of immigrants to 31.1 million. The rapidity of this influx, coupled with its sheer size, means that American society will con- front momentous social, cultural, and political change during the coming decades and generations.
Policymakers and academics are now catching up to financial institutions in their desire to understand how and why immigrants use U.S. financial markets. “Financial Access for Immigrants: Learning from Diverse Perspectives,” a conference co-sponsored by the Brookings Metropolitan Policy Program formerly the Center on Urban and Metropolitan Policy) and the Federal Reserve Bank of Chicago, was held at the Chicago Fed on April 15-16, 2004. It included presentations from scholars and practitioners who discussed recent research on the financial practices of immigrants as well as the practical experiences of for-profit and nonprofit institutions working to provide financial services to the immigrant community.
Topic:
Economics, International Trade and Finance, and Migration