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innovators depends in turn on their access to technological knowledge. The emigration of highly skilled individuals weakens local … estimate the key co-location and diaspora parameters; the net effect of innovator emigration is to harm domestic knowledge …'s most important inventions as measured by citations received. Thus, our findings imply that the optimal emigration level may …
Persistent link: https://www.econbiz.de/10012464057
We consider the welfare effects of the emigration of workers who produce a public good (knowledge). We distinguish … between the knowledge diversion and knowledge creation effects of such emigration, and show that the remaining residents of a … country can gain from emigration, even when tastes for knowledge goods exhibit a kind of 'home bias'. In contrast to existing …
Persistent link: https://www.econbiz.de/10012465900
In the presence of markup differences, externalities and other social considerations, the equilibrium direction of innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing comparative static results and characterizes...
Persistent link: https://www.econbiz.de/10014226119
The costs of low-carbon energy fell dramatically over the past decade, leading to rapid growth in its deployment. However, many challenges remain to deploy low-carbon energy at a scale necessary to meet net zero carbon emission targets. If net zero goals are to be met, developing complementary...
Persistent link: https://www.econbiz.de/10013361997
Recent research concludes that wage returns to cognitive skills have declined in the U.S. We reassess this finding. Using decomposition methods, we document the pivotal role played by dynamic shifts in the distributions of pre-labor market cognitive skills. Our findings show these shifts explain...
Persistent link: https://www.econbiz.de/10014512083
Performance pay in general amounts to only a small fraction of total pay. In this paper, we show that performance pay is nevertheless important for the level and dynamics of wages over the life cycle because of the incentives it indirectly provides for human capital acquisition and because of...
Persistent link: https://www.econbiz.de/10013334409
Is government guiding the invisible hand at the top of the labor market? We use new administrative data to measure physicians' earnings and estimate the influence of healthcare policies on these earnings, physicians' labor supply, and allocation of talent. Combining the administrative registry...
Persistent link: https://www.econbiz.de/10014322856
areas, however, may be deprived of talent through emigration, which may harm dynamism and delay political, and economic …, change. A significant episode of emigration took place between 2010 and 2014 from Italy following the deep economic recession …, city mayors and local vote, we analyze whether emigration reduced political change. The sudden emigration wave interacted …
Persistent link: https://www.econbiz.de/10012456326
We study migration in the right tail of the talent distribution using a novel dataset of Indian high school students taking the Joint Entrance Exam (JEE), a college entrance exam used for admission to the prestigious Indian Institutes of Technology (IIT). We find a high incidence of migration...
Persistent link: https://www.econbiz.de/10014322696
hypothesis, which argues that mass emigration was delayed because it was primarily governed by a gradual process of spatial …-level panel of emigration data over four decades, and use it to show that the testable predictions of the diffusion hypothesis are …
Persistent link: https://www.econbiz.de/10013537741