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Is the brain drain a curse or a boon for developing countries? This paper reviews what is known to date about the magnitude of the brain drain from developing to developed countries, its determinants and the way it affects the well-being of those left behind. First, I present alternative...
Persistent link: https://www.econbiz.de/10003499223
What is the role of international migrants and, specifically, migrant networks in shaping political attitudes and behavior in migrant sending countries? Our theoretical framework proposes that migration might change individual social identities and thus stimulate intrinsic motivation for...
Persistent link: https://www.econbiz.de/10011904883
Acquiring information about destinations can be costly for migrants. We model information frictions in the rational inattention framework and obtain a closed-form expression for a migration gravity equation that we bring to the data. The model predicts that ows from countries with a higher cost...
Persistent link: https://www.econbiz.de/10012194685
We consider a model of international migration where skills of workers are imperfectly observed by firms in the host country and where information asymmetries are more severe for immigrants than for natives. There are two stages. In the first one, workers in the South decide whether to move and...
Persistent link: https://www.econbiz.de/10009309617
Trust in the citizens of a potential partner country may affect the decision to trade with or to migrate to a foreign country. This paper employs panel data to examine the causal impact of such bilateral trust on international trade and migration patterns. We apply instrumental variables (IV)...
Persistent link: https://www.econbiz.de/10010338889
variety of real world markets, asking prices have received little attention in the academic literature. We construct an …
Persistent link: https://www.econbiz.de/10009696885
This paper analyses the welfare effects of price restrictions on private contracting in a world where agents have a …
Persistent link: https://www.econbiz.de/10011414080
A long-standing puzzle is how overconfidence can persist in settings characterized by repeated feedback. This paper studies managers who participate repeatedly in a high-powered tournament incentive system, learning relative performance each time. Using reduced form and structural methods we...
Persistent link: https://www.econbiz.de/10014311540
The most basic economic theory suggests that rising incomes in developing countries will deter emigration from those … suggest something quite different: that over the course of a "mobility transition", emigration generally rises with economic … development until countries reach upper-middle income, and only thereafter falls. This note quantifies the shape of the mobility …
Persistent link: https://www.econbiz.de/10010423766
of mobility. Given the ever-present threat of new, future pandemics, how should permanent restrictions on mobility … respond? A simple theoretical framework predicts that reduced exposure to pre-pandemic international mobility causes slightly … 2009. We find that in all cases, even a draconian 50 percent reduction in pre-pandemic international mobility is associated …
Persistent link: https://www.econbiz.de/10012389000