The new economics of the brain drain
AbstractFor nearly four decades now, the conventional wisdom has been that the migration of human capital (skilled workers) from a developing country to a developed country is detrimental to the developing country. However, this perception need not hold. A well designed migration policy can result in a “brain gain” to the developing country rather than in just a “brain drain” from it, as well as in a welfare increase for all of its workers - migrants and non-migrants alike - as new research suggests.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 30939.
Date of creation: 2005
Date of revision:
Publication status: Published in World Economics 2.6(2005): pp. 137-140
migration; human capital formation; externalities; social welfare;
Other versions of this item:
- F22 - International Economics - - International Factor Movements and International Business - - - International Migration
- I30 - Health, Education, and Welfare - - Welfare and Poverty - - - General
- J61 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Geographic Labor Mobility; Immigrant Workers
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
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