of migration in alleviating information imperfections between home and host countries. We show that the impact of … migration on financial flows is strongest where information problems are more acute (that is, for more informational sensitive … information in generating home-bias and as new evidence of the role of migration in reducing information frictions between …

significant impact on the world distribution of income. In this paper we discuss the potential for migration policies to affect … more or less restrictive/selective migration policies and derive their implications for the evolution of world inequality. …

view tends to neglect two important dynamic effects: the role of migration networks, which could reduce immigrants' quality …, and the responsiveness of education decisions to the prospects of migration. Our model shows that migration networks and … immigration policies, the initial pattern of migrants' self-selection on education, and the way time-equivalent migration costs by …

-selective. These predictions are then tested empirically using bilateral remittance and migration data and proxy measures for the …

We develop a model of the interdependencies between migration, remittances and inequality, and investigate how … migration and subsequent remittances affect inter-household inequality in the origin communities. An important feature of our … model is that we take into account the impact of migration on the local (rural) labor market. Migration is shown to decrease …

recent US data on migration rates by education levels (Carrington and Detragiache, 1998), we find empirical support for the … countries combining low levels of human capital and low migration rates of skilled workers tend to be positively affected by the … brain drain. By contrast, the brain drain appears to have negative growth effects in countries where the migration rate of …

Two of the most salient trends surrounding the issue of migration and development over the last two decades are the … large rise in remittances, and an increased flow of skilled migration. However, recent literature based on cross …-country regressions has claimed that more educated migrants remit less, leading to concerns that further increases in skilled migration …

Recent theoretical studies suggest that migration prospects can raise the expected return to human capital and thus … impact of brain drain migration on gross (pre-migration) human capital formation in developing countries. We found a positive … effect of skilled migration prospects on human capital growth in a cross-section of 127 developing countries, with an …

theoretical arguments regarding the role of migration networks and/or the dynamics of wealth transmission between successive …