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A Brain Gain with a Brain Drain

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Author Info
Stark, Oded (Department of Economics, University of Oslo)
Helmenstein, Christian (Department of Finance, Institute for Advanced Studies, Vienna)
Prskawetz, Alexia (Institute for Demography, Austrian Academy of Sciences)
Abstract

We study human capital depletion and formation in an economy open to out-migration, as opposed to an economy which is closed. Under the natural assumption of asymmetric information, the enlarged opportunities and the associated different structure of incentives can give rise to a brain gain in conjunction with a brain drain. Migration by high-skill members of its workforce notwithstanding, the home country can end up with a higher average level of human capital per worker.

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File URL: http://www.ihs.ac.at/publications/eco/es-45.pdf
File Format: application/pdf
File Function: First version, 1997
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Publisher Info
Paper provided by Institute for Advanced Studies in its series Economics Series with number 45.

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Length: 10 pages
Date of creation: Jun 1997
Date of revision:
Handle: RePEc:ihs:ihsesp:45

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Related research
Keywords: Migration; Brain Drain; Skill Formation; Asymmetric Information;

Other versions of this item:

Find related papers by JEL classification:
F22 - International Economics - - International Factor Movements and International Business - - - International Migration
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
J61 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Geographic Labor Mobility; Immigrant Workers

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