We argue that past events experienced during the critical ages of 18-25 can influence an individual's future entrepreneurship based on the "impressionable years hypothesis". Accordingly, we empirically investigate the relationship between bad economic conditions during youth and later-life...

This paper shows that trade and emigration of skilled workers from a poor country is complementary but that between trade and emigration of unskilled workers is a substitute. The asymmetric effect of more openness to trade on the local wages seems to be crucial in driving such results. The...

Ability drain's (AD) impact seems economically significant, with 30% of US Nobel laureates since 1906 being immigrants, and immigrants or their children founding 40% of Fortune 500 companies. Nonetheless, while brain drain (BD) and gain (BG) have been studied extensively, AD has not. I examine...

This contribution investigates the opportunities of migration for developing countries. The benefits of migration for sending countries are often undervalued. But migrants may foster trade, remittances, innovations, investments back home, and even return home at some time with better human...

This paper uses state-level migration ow data between Mexico and the U.S. from 1999 to 2011 to investigate the migration response to climate shocks and the mitigating impact of an agricultural cash-transfer program (PROCAMPO) and a disaster fund (Fonden). Our results suggest that lower than...

Immigration is one of the most debated topics in Europe today, yet little is known about the overall effect of its multiple impacts. The analysis suggests natives need not worry. Increasing immigrant population shares have no statistically significant effects on natives’ well-being in 28...

Aging populations in developing countries have spurred the introduction of public pension programs to preserve the standard of living for the elderly. The often-overlooked mechanism of intergenerational transfers, however, can dampen these intended policy effects, as adult children who make...

This paper explores the long-term effect of migration on economic inequality between the 28 EU member states, covering the period 1995-2017. The cross-national, longitudinal analysis demonstrates that migration has had a positive and significant effect on development and economic growth in 28...

We investigate how fertility and demographic factors affect migration at the household level by assessing the causal effects of sibship size and structure on offspring's international migration. We use a rich demographic survey on the population of Mexico and exploit presumably exogenous...

Egypt and Tunisia are perceived to have high levels of inequality, yet based on standard measures, inequality in these two countries is not unusually high. In this study we explore a new dimension of inequality in Egypt and Tunisia by using a more complete measure of income and decomposing...