difference, international trade, remittances, and a heterogeneous workforce. We compare welfare under the observed levels of … flows -- such as Jamaica or El Salvador -- are also better off due to migration, but for a different reason: remittances … about 10% in countries with large incoming remittances. Our results are robust to accounting for imperfect transferability …

home thanks to a relatively larger flow of remittances. Skilled migrants typically earn relatively more and, ceteris … flow of remittances from skilled migrants. Hence, the sign of the impact of the brain drain on total remittances is an … home out of a given flow of earnings abroad. We then derive an empirical equation of remittances and estimate it on a large …

Africa and Latin America secured their independence from European colonial rule a century and half apart: most of Latin … America after 1820 and most of Africa after 1960. Despite the distance in time and space, they share important similarities … about a half-century (lost decades). The parallels suggest that Africa might be exiting from a period of post …