Should I stay or should I go? An institutional approach to brain drain
AbstractThis paper suggests that institutional factors which reward social networks at the expenses of productivity can play an important role in explaining brain drain. The effects of social networks on brain drain are analyzed in a decision theory framework with asymmetric information. We distinguish between the role of insidership and personal connections. The larger the cost of being an outsider, the smaller is the number and the average ability of researchers working in the domestic job market. Personal connections partly compensate for this effect by attracting highly connected researchers back. However, starting from a world with no distortions, personal connections also increase brain drain.
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Bibliographic InfoPaper provided by Institute for Empirical Research in Economics - University of Zurich in its series IEW - Working Papers with number 489.
Date of creation: Jun 2010
Date of revision:
Brain drain; social networks; institutions; asymmetric information; Italian academia;
Other versions of this item:
- Lea Cassar & Bruno S. Frey, 2010. "Should I stay or should I go? An institutional approach to brain drain," CREMA Working Paper Series 2010-12, Center for Research in Economics, Management and the Arts (CREMA).
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- F22 - International Economics - - International Factor Movements and International Business - - - International Migration
- I20 - Health, Education, and Welfare - - Education - - - General
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-06-11 (All new papers)
- NEP-CTA-2010-06-11 (Contract Theory & Applications)
- NEP-LTV-2010-06-11 (Unemployment, Inequality & Poverty)
- NEP-MIG-2010-06-11 (Economics of Human Migration)
- NEP-SOC-2010-06-11 (Social Norms & Social Capital)
- NEP-SOG-2010-06-11 (Sociology of Economics)
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