Dreamers and Beyond
研究了DACA政策对无证青年高中人力资本投资的直接影响，以及对美国出生同学的正面溢出效应，基于洛杉矶学区的行政数据。
<h3>Abstract</h3> This paper examines the direct effects and spillover effects of the Deferred Action for Childhood Arrivals (DACA) on human capital investments during high school. DACA significantly increased the returns to schooling for undocumented youth, while leaving the returns for their US-born peers unchanged. I estimate the impacts of DACA using detailed administrative data from Los Angeles Unified School District. I find that DACA induced undocumented youth to invest more in their education, which also had positive spillover effects on ineligible students (those born in the US) who attended high school with high concentrations of DACA-eligible youth.