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This paper studies the growth dynamics of a developing country under migration. Assuming that human capital formation is subject to a strong enough, positive intertemporal externality, the prospect of migration will increase growth in the home country in the long run. If the external effect is...
Persistent link: https://www.econbiz.de/10009766452
This paper studies the growth dynamics of a developing country under migration. Assuming that human capital formation is subject to a strong enough, positive intertemporal externality, the prospect of migration will increase growth in the home country in the long run. If the external effect is...
Persistent link: https://www.econbiz.de/10009775568
“educated unemployment” and overeducation in developing countries, as well as a brain drain from these countries. A simulation … suggests that the costs of “educated unemployment” and overeducation can amount to significant losses for the individuals … drain ; Human capital formation ; “Educated unemployment” ; Overeducation ; Social welfare …
Persistent link: https://www.econbiz.de/10003737690
and constant demand, the rate of unemployment of educated workers in the domestic labor market will increase. Thus, the … prospect of employment abroad causes involuntary "educated unemployment" at home. A government that is concerned about … "educated unemployment" and might therefore be expected to encourage unemployed educated people to migrate will nevertheless …
Persistent link: https://www.econbiz.de/10008779024
and constant demand, the rate of unemployment of educated workers in the domestic labor market will increase. Thus, the … prospect of employment abroad causes involuntary "educated unemployment" at home. A government that is concerned about … "educated unemployment" and might therefore be expected to encourage unemployed educated people to migrate will nevertheless …
Persistent link: https://www.econbiz.de/10008991815
This paper provides a novel explanation of “educated unemployment,” which is a salient feature of the labor markets in … a number of developing countries. In a simple job-search framework we show that “educated unemployment” is caused by the … developing country may end up with more educated workers despite the brain drain and educated unemployment. -- International …
Persistent link: https://www.econbiz.de/10003737403
and constant demand, the rate of unemployment of educated workers in the domestic labor market will increase. Thus, the … prospect of employment abroad causes involuntary “educated unemployment” at home. A government that is concerned about … “educated unemployment” and might therefore be expected to encourage unemployed educated people to migrate will nevertheless …
Persistent link: https://www.econbiz.de/10013131628
Persistent link: https://www.econbiz.de/10010254152
We consider the case in which the opening up of an economy to migration results in departure of skilled workers. We point out that while the possibility of migration changes the set of employment opportunities, it also affects the structure of incentives: Higher returns to skills in the foreign...
Persistent link: https://www.econbiz.de/10010291755
We study human capital depletion and formation in an economy open to out-migration, as opposed to an economy which is closed. Under the natural assumption of asymmetric information, the enlarged opportunities and the associated different structure of incentives can give rise to a brain gain in...
Persistent link: https://www.econbiz.de/10010291761