In the first scenario, in which undocumented immigrants are granted legal status and citizenship this year, U.S. gross domestic product (GDP) would grow by an additional $1.4 trillion cumulatively over the next 10 years.
According to the paper, Americans would earn an additional $791 billion in personal income over the same time period and on average, an additional 203,000 jobs would be created per year.
Five years down the line, undocumented immigrants would be earning 25.1 percent more than they currently do and $659 billion more from 2013 to 2022. Earning more also means paying more local, state and federal taxes.
Legalizing California's 2.5 million undocumented immigrants, the Center for American Progress estimates, would lead to a cumulative Gross State Product increase of $125.5 billion and an average of 18,200 newly created jobs each year.
The other two scenarios — one in which undocumented immigrants are granted legal status in 2013 and citizenship five years later and in the second scenario 10 years later — produce similar estimates, but the numbers decline as the time required before citizenship is lengthened.
This week, the Congressional Budget Office released estimates that the Senate immigration bill would decrease federal budget deficits by $197 billion between 2014 and 2023. Revenue would largely increase from new income and payroll taxes, according to the report.