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The naturalization of asylum seekers is modeled as an economic problem. In choosing their level of investment in host-country-specific human capital, asylum seekers take into consideration the probability of their being naturalized. The government of the host country chooses the probability of...
Persistent link: https://www.econbiz.de/10003971093
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Although the relationship between natural resources and civil war has received much attention, little is known about the underlying mechanisms. Controversies and contradictions in the stylized facts persist because resource extraction is treated as exogenous while in reality fighting affects...
Persistent link: https://www.econbiz.de/10008732315
An increase in the probability of work abroad, where the returns to schooling are higher than at home, induces more individuals in a developing country to acquire education, which leads to an increase in the supply of educated workers in the domestic labor market. Where there is a sticky...
Persistent link: https://www.econbiz.de/10008779024
In this paper I delineate novel policy repercussions suggested by my research on "The New Economics of the Brain Drain". In section 1, I provide a succinct account of the model that inspires the derivation of several new policy implications. In sections 2 through 5, I present the policy...
Persistent link: https://www.econbiz.de/10008779181
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countries with less secure property rights. The theory suggests that adjusted net saving estimates calculated by the World Bank …
Persistent link: https://www.econbiz.de/10003942714
Drawing on the literature of occupational status and social distance, a theory is developed of labor migration that is … extended from a closed, single economy to an open economy setting in a world that consists of two countries or two regions. It … Theorie zur Migration von Arbeitskraft, die den Wunsch des Einzelnen mit einbezieht, eine Abwertung des sozialen Status zu …
Persistent link: https://www.econbiz.de/10003944851
The effects of stochastic oil demand on optimal oil extraction paths and tax, spending and government debt policies are analyzed when the oil demand schedule is linear and preferences quadratic. Without prudence, optimal oil extraction is governed by the Hotelling rule and optimal budgetary...
Persistent link: https://www.econbiz.de/10003966514
A windfall of natural resource revenue (or foreign aid) faces government with choices of how to manage public debt, investment, and the distribution of funds for consumption, particularly if the windfall is both anticipated and temporary. We show that the permanent income hypothesis prescription...
Persistent link: https://www.econbiz.de/10003813611