To obtain “1.2 million additional research personnel” necessary to “irrigate” the science-based industries, EU stresses, it is not sufficient to increase the investment in research alone. The motivation behind several brain drain policies implemented in Europe in recent years is to stop...

We develop a model to analyze the determinants and effects of an endogenous imperfect transferability of human capital on natives and immigrants. The model reveals that high migration flows and high skill-transferability are mutually interdependent. Moreover, we show that high mobility within a...

The economic literature provides ample evidence that immigration of highly skilled workers is beneficial for the host economy. Yet, when compared to countries such as the USA or Canada, Europe receives a lower share of migrants with tertiary education, raising concerns that the EU does not...