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Emigration and Brain Drain; Evidence From the Caribbean

Mishra, Prachi - International Monetary Fund (IMF) - 2006

This paper quantifies the magnitude and nature of migration flows from the Caribbean and estimates their costs and … migration rates are particularly striking for the highskilled. Many countries have lost more than 70 percent of their labor … in 2002. Simple welfare calculations suggest that the losses due to high-skill migration (ceteris paribus) outweigh the …

Persistent link: https://www.econbiz.de/10005248304

Emigration and Wages in Source Countries; Evidence From Mexico

Mishra, Prachi - International Monetary Fund (IMF) - 2006

This paper empirically examines the effect on wages in Mexico of Mexican emigration to the United States, using data from the Mexican and United States censuses from 1970-2000. The main result in the paper is that emigration has a strong and positive effect on Mexican wages. There is also...

Persistent link: https://www.econbiz.de/10005605072

A Theory of Optimum Currency Areas: Revisited

Flood, Robert P.; Aizenman, Joshua - International Monetary Fund (IMF) - 1992

Starting with Friedman and Mundell the academic literature has conducted a high level debate concerning the design of cross-country monetary arrangements. That debate has become very complex and the data requirements necessary for appropriate application of the principles developed are far...

Persistent link: https://www.econbiz.de/10005605314

Exchange Rates and Wages in an Integrated World

Spilimbergo, Antonio; Mishra, Prachi - International Monetary Fund (IMF) - 2009

We analyze how the pass-through from exchange rate to domestic wages depends on the degree of integration between domestic and foreign labor markets. Using data from 66 countries over the period 1981â€“2005, we find that the elasticity of domestic wages to real exchange rate is 0.1 after a...

Persistent link: https://www.econbiz.de/10005826292