Due to paucity of data, assessing whether ability drain is economically significant is difficult, though the fact that immigrants or their children founded over 40% of the Fortune 500 US companies strongly suggests that it is. Moreover, brain-drain-induced brain gain cannot occur with ability....

Europeans work much less than Americans. Some studies claim this is due to high taxes in Europe, which would benefit by adopting US tax rates and work time; others find that taxes have little or no impact on work time. I examine the hypothesis that Americans would benefit by reducing work time to...

Immigrants or their children founded over 40% of the Fortune 500 US companies. This suggests that ‘ability drain' is economically significant. While brain drain associated with migration also induces a brain gain, this cannot occur with ability drain. This paper examines migration's impact on...

Many developing countries obtain a large share of their income from the exploitation of open-access common-property renewable natural resources. Imperfect or lack of property rights for these resources results in the partial or non-internalization of negative externalities. Analysis of this...