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Human capital mobility patterns in the European Union and the financial crisis

Author

Listed:
  • Giuseppe Pernagallo

    (University of Turin)

  • Benedetto Torrisi

    (University of Catania)

Abstract

This paper provides new evidence on the quantification of economic losses and/or gains from skilled human capital mobility in terms of GDP and productivity in several EU countries during and after the Great Recession. We construct two novel indicators to quantify and compare the economic effects of human capital mobility across EU countries in 2008, 2012, and 2016. Through hierarchical clustering, we created groups of countries to perform a non-parametric MANOVA. The results suggest the existence of three groups of countries aggregated by similar economic and mobility patterns. The differences between these groups are significant and allow us to delineate the countries’ gains and losses.

Suggested Citation

  • Giuseppe Pernagallo & Benedetto Torrisi, 2023. "Human capital mobility patterns in the European Union and the financial crisis," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(2), pages 1791-1820, April.
    • Handle: RePEc:spr:qualqt:v:57:y:2023:i:2:d:10.1007_s11135-022-01437-2
    DOI: 10.1007/s11135-022-01437-2
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    More about this item

    Keywords

    Financial crisis; Human capital; Migration; Macroeconomics; Non-parametric statistics;
    All these keywords.

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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