Professors Chad Sparber and Rishi Sharma recently release a Research Brief in Economics Policy for the Cato Institute

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Every year, the United States uses a lottery to grant H-1B status to highly-educated immigrants. In a new working paper at the Institute of Labor Economics in Germany, Rishi Sharma and Chad Sparber argue that the random nature of this allocation scheme causes firms to waste millions of dollars searching for far more workers than they actually intend to hire. The Cato Institute recently released a Research Brief summarizing the paper’s findings for a general audience.