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The Economics of the Brain Drain Turned on its Head

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  • Stark, Oded

Abstract

When productivity is fostered by an individual’s own human capital as well as by the economy-wide average level of human capital, individuals under-invest in human capital. A strictly positive probability of migration to a richer country raises both the level of human capital formed by optimizing individuals in the home country and the average level of human capital of non-migrants in the country. Conditions are provided under which the welfare of all workers is higher with migration than in its absence. A well-controlled, restrictive migration policy can enhance welfare and nudge the economy toward the social optimum.

Suggested Citation

  • Stark, Oded, 2004. "The Economics of the Brain Drain Turned on its Head," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 335-345.
    • Handle: RePEc:zbw:espost:235130
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