Now that we correctly understand Hsieh-Moretti’s results, let’s put them in context. 1. Immigration researchers have focused heavily on the economic effects of full deregulation of immigration.  Hsieh-Moretti (henceforth HM), in contrast, focus on the economic effects of moderate housing deregulation.   Their chief hypothetical is not, “What would happen if there were zero housing regulation?” … Continue reading Immigration and Housing: The Meaning of Hsieh-Moretti