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How Immigration Rules Shape Firm Dynamics in the US Technology Sector

November 25, 2025Federico Mandelman, Mishita Mehra, Hewei Shen Federal Reserve Bank of Atlanta
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This brief from the Atlanta Fed examines how H-1B visa policies affect startup firms in the US technology sector. Using data from visa application lotteries, researchers analyze whether restrictions on hiring foreign workers influence entrepreneurs’ decisions to launch new tech ventures.