Djajić, Slobodan; Docquier, Frédéric; Michael, Michael S. - 2018
This paper revisits the question of how brain drain affects the optimal education policy of a developing economy. Our … capital in response to career opportunities at home and abroad. Given this complementarity, we find that brain drain has … number of developing countries; they are equivalent to those under which an increase in emigration induces a net brain gain …