This paper quantitatively investigates the short- and long-run effects of liberalizing global migration on the world … distribution of income. We develop and parametrize a dynamic model of the world economy with endogenous migration, fertility and … education decisions. We identify bilateral migration costs and their legal component for each pair of countries and two classes …

This paper quantitatively investigates the short- and long-run effects of liberalizing global migration on the world … distribution of income. We develop and parametrize a dynamic model of the world economy with endogenous migration, fertility and … education decisions. We identify bilateral migration costs and their legal component for each pair of countries and two classes …

International migration is a selective process that induces ambiguous effects on human capital and economic development … and human capital accumulation in a multi-country context. We then embed this migration-education nexus into a development … accounting framework to quantify the effects of migration on development and inequality. We find that selective emigration …