Streets of Gold: America’’s Untold Story of Immigrant Success

Forbes, Best Business Books of 2022
Behavioral Scientist, Notable Books of 2022

The facts, not the fiction, of America’s immigration experience

Immigration is one of the most fraught, and possibly most misunderstood, topics in American social discourse--yet, in most cases, the things we believe about immigration are based largely on myth, not facts. Using the tools of modern data analysis and ten years of pioneering research, new evidence is provided about the past and present of the American Dream, debunking myths fostered by political opportunism and sentimentalized in family histories, and draw counterintuitive conclusions, including:

• Upward Mobility: Children of immigrants from nearly every country, especially those of poor immigrants, do better economically than children of U.S.-born residents - a pattern that has held for more than a century.
• Rapid Assimilation: Immigrants accused of lack of assimilation (such as Mexicans today and the Irish in the past) actually assimilate fastest.
• Improved Economy: Immigration changes the economy in unexpected positive ways and staves off the economic decline that is the consequence of an aging population.
• Helps U.S. Born: Closing the door to immigrants harms the economic prospects of the U.S.-born--the people politicians are trying to protect.

Using powerful story-telling and unprecedented research employing big data and algorithms, Abramitzky and Boustan are like dedicated family genealogists but millions of times over. They provide a new take on American history with surprising results, especially how comparable the ＂golden era＂ of immigration is to today, and why many current policy proposals are so misguided.

Ran Abramitzky is professor of economics and the Senior Associate Dean for the Social Sciences at Stanford University, a research associate at the National Bureau of Economic Research, a senior fellow at the Stanford Institute for Economic Policy Research, and a former co-editor of Explorations in Economic History, one of economic history’s top journals. His prize-winning book, The Mystery of the Kibbutz examines how examine how egalitarian communities survived and the conditions under which we can create a more equal society.

Leah Boustan is professor of economics at Princeton University and co-director of the Development of the American Economy Program at the National Bureau of Economic Research. She is co-editor of the Journal of Urban Economics and a fellow at the Brookings Institution. Her prize-winning scholarly book, Competition in the Promised Land, examines the effect of the Great Black Migration from the rural South during and after World War II. She has written for TheNew York Times, The Conversation, The American Prospect, and Slate..
Leah’s twitter handle: @leah_boustan. Leah currently has 28,000 followers and is actively engaged in Econtwitter and immigration twitter.