The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The Outreach & Education function engages, empowers and educates the public in the Second District. Our outreach mission furthers the Bank’s commitment to the region by listening to the communities we serve and developing programs, analysis and sponsored conferences and clinics to help meet their needs. Our education mission aims to advance public knowledge about the Federal Reserve System and its role in the economy.
Current Issues in Economics and Finance Second District Highlights
The Foreign-Born Population in Upstate New York
October 2007 Volume 13, Number 9
JEL classification: J61, R1, J2
Authors: James Orr, Susan Wieler, and Joseph Pereira
An analysis of upstate New York’s foreign-born residents suggests that they contribute to the region’s human capital in important ways. This population boasts a greater concentration of college graduates than either the region’s native-born population or immigrants downstate. While some immigrants upstate may compete with U.S.-born workers for jobs, the more highly educated appear to be entering skilled occupations—in medicine, science, and research particularly—that complement those of native-born residents.