The Brain Drain Between Knowledge-based Economies: the European Human Capital Outflow to the US
This paper uses census data from 1980 to 2006 to study the new European emigration to the US. This emigration is about a small but rising number of individuals. Yet since 1990, emigrants are increasingly selected from the upper tail quality distribution of their source country workforce in terms of education, scientifi c knowledge and, unobservable skills. This nineties surge has been amplifed by the fact that returnees were fewer, older and, if anything, relatively less educated. As for the rationales, I provide preliminary evidence showing that the brain drain refl ects the weakness of demand for skilled labor in Europe. Lately, I show that the technological changes triggered by human capital losses could make these outfl ows increasingly costly for Europe in terms of productivity.
Volume (Year): (2008)
Issue (Month): 115 ()
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- Angel de la Fuente, 2003.
"Human capital in a global and knowledge-based economy,"
UFAE and IAE Working Papers
576.03, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Angel de la Fuente & Antonio Ciccone, 2003. "Human capital in a global and knowledge-based economy," UFAE and IAE Working Papers 562.03, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
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"Education for Growth: Why and for Whom?,"
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American Economic Association, vol. 39(4), pages 1101-1136, December.
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- Virginie Coudert & Cécile Couharde, 2008. "Currency Misalignments and Exchange Rate Regimes in Emerging and Developing Countries," Working Papers 2008-07, CEPII research center.
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