"This paper examines the welfare implications associated with different degrees of diversity or similarity between migrants and natives under both migration and trade. We use a general equilibrium model of migration, human capital and social capital and find that there are three equilibrium...

Based on static analysis, a number of studies argue that forming a RTA is more likely to raise welfare if member countries are natural trading partners,ʺ while other studies claim the opposite. This paper considers the argument from a dynamic viewpoint by examining the impact of trade with...

A number of developed countries have implemented guest-worker programs in recent decades. Its basic feature is the temporary presence of the foreign guest-workers. The problem with such programs is that there is little to prevent these guest-workers from entering the illegal job market and...

This paper examines the relationship between international migration and source country fertility. The impact of international migration on source country fertility may have a number of causes, including a transfer of destination countries' fertility norms and an incentive to acquire more...

Migration is an important and yet neglected determinant of institutions. The paper documents the channels through which emigration affects home country institutions and considers dynamic-panel regressions for a large sample of developing countries. We find that emigration and human capital both...

This paper examines the relationship between the brain drain and country size, as well as the extent of small states' overall loss of human capital. We find that small states are the main losers because they i) lose a larger proportion of their skilled labor force and ii) exhibit stronger...