Inducing human capital formation: migration as a substitute for subsidies
Oded Stark,Oded Stark,Yong Wang +2 more
TLDR
In this paper, a strictly positive probability of migration to a richer country, by raising both the level of human capital formed by optimizing individuals in the home country and the average level of non-migrants in the country, can enhance welfare and nudge the economy toward the social optimum.About:
This article is published in Journal of Public Economics.The article was published on 2002-10-01 and is currently open access. It has received 275 citations till now. The article focuses on the topics: Physical capital & Capital intensity.read more
Citations
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Globalization, Brain Drain, and Development
TL;DR: The authors reviewed four decades of economics research on the brain drain with a focus on recent contributions and on development issues, showing that high-skill migration is becoming a dominant pattern of international migration and a major aspect of globalization and used a stylized growth model to analyze the various channels through which a brain drain affects the sending countries and review the evidence on these channels.
Journal ArticleDOI
Migration Remittances and Development: A Review of Global Evidence
John Page,Sonia Plaza +1 more
TL;DR: This paper reviewed evidence on how migrants contribute to the economic development of their countries of origin in addition to describing the state of knowledge regarding flows of people and migrant remittances worldwide, focusing on the current literature dealing with the development impact of transfers of money, knowledge, and skills by migrants back to their home countries.
BookDOI
Skilled Migration: The Perspective of Developing Countries
TL;DR: The authors present new evidence on the magnitude of migration of skilled workers at the international level and then discuss its direct and indirect effects on human capital formation in developing countries in a unified stylized model.
BookDOI
Brain gain: claims about its size and impact on welfare and growth are greatly exaggerated
TL;DR: In this article, the authors show that the size of the brain gain is smaller than suggested in that literature, and that the impact on welfare and growth is smaller as well (for any brain gain size).
Report SeriesDOI
Effects of Migration on Sending Countries: What Do We Know?
TL;DR: In this article, the authors evaluate the evidence on how migration may promote or hinder development in countries of origin, and explore possible win-win solutions for both sending and receiving countries, concluding that migration can generate substantial direct and indirect gains for sending countries via employment generation, human capital accumulation, remittances, diaspora networks and return migration.
References
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A brain gain with a brain drain
TL;DR: In this paper, the authors study human capital depletion and formation in an economy open to out-migration, as opposed to an economy which is closed, under the 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.
The International Flow of Human Capital
Herbert G. Grubel,Anthony Scott +1 more
TL;DR: In this article, the authors present empirical estimates of the U.S. balance of trade in human capital from foreign student exchange and the immigration of scientists and engineers, which will shortly be published.
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Human capital depletion, human capital formation, and migration: a blessing or a “curse”?
TL;DR: In this article, conditions under which a strictly positive probability of employment in a foreign country raises the level of human capital formed by optimizing workers in the home country are specified, where some workers migrate, taking along more human capital than if they had migrated without factoring in the possibility of migration.
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Income taxation and international mobility
TL;DR: Income Taxation and International Mobility as mentioned in this paper addresses the novel theoretical and practical problems that this growing phenomenon of international personal mobility creates for the design of a country's tax system and takes up questions that have grown largely out of the extensive debate over Jagdish Bhagwati's proposal in the early 1970s to tax the brain drain.
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The economics of globalization : policy perspectives from public economics
Assaf Razin,Efraim Sadka +1 more
TL;DR: In this article, Razin et al. present a pecking order of capital inflows and international tax principles for the European Union and the United States, with a focus on capital market integration.