Externalities from International Labor Migration: Efficacy of a Brain Drain Tax in the Euro-Mediterranean Region
This paper uses a two-region, two-period overlapping generations model with international labor mobility to examine the efficacy of using tax policy to internalize the externalities created by international labor migration. While a brain drain tax has a substantial limiting effect on labor migration and a small negative effect on per worker growth, it is found to be a viable solution to the negative externality problem. It is also found that the brain-drain tax can raise substantial tax revenue for the SMCs which could be used to enhance human capital in the region.
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- Quamrul Ashraf & Oded Galor & Ömer Özak, 2010.
"Isolation and Development,"
Journal of the European Economic Association,
MIT Press, vol. 8(2-3), pages 401-412, 04-05.
- Ashraf, Quamrul & Galor, Oded & Özak, Ömer, 2009. "Isolation and Development," CEPR Discussion Papers 7531, C.E.P.R. Discussion Papers.
- Quamrul Ashraf & Oded Galor & Omer Ozak, 2009. "Isolation and Development," Department of Economics Working Papers 2009-04, Department of Economics, Williams College.
- Quamrul Ashraf & Oded Galor & Omer Ozak, 2009. "Isolation and Development," Center for Development Economics 2009-02, Department of Economics, Williams College.
- Quamrul Ashraf & Oded Galor & Omer Ozak, 2009. "Isolation and Development," Working Papers 2009-9, Brown University, Department of Economics.
- Tosun, Mehmet Serkan, 2003. "Population aging and economic growth: political economy and open economy effects," Economics Letters, Elsevier, vol. 81(3), pages 291-296, December.
- Axel Börsch-Supan & Alexander Ludwig & Joachim Winter, 2006. "Ageing, Pension Reform and Capital Flows: A Multi-Country Simulation Model," Economica, London School of Economics and Political Science, vol. 73(292), pages 625-658, November. Full references (including those not matched with items on IDEAS)
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