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Is ability drain (AD) economically significant? That immigrants or their children founded over 40% of the Fortune 500 US companies suggests it is. Moreover, brain drain (BD) induces a brain gain (BG). This cannot occur with ability. Nonetheless, while BD has been studied extensively, AD drain...
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This paper revisits the question of how brain drain affects the optimal education policy of a developing economy. Our framework of analysis highlights the complementarity between public spending on education and students' efforts to acquire human capital in response to career opportunities at...
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Wenn die Förderung der Produktivität sowohl durch das individuelle Humankapital als auch durch das durchschnittliche … gesamtwirtschaftliche Humankapital bestimmt wird, sind individuelle Investitionen in die Ausbildung suboptimal. Eine streng positive … Individuen im Heimatland zurückzuführen ist, als auch das durchschnittliche Humankapital der im Heimatland verbleibenden …
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Assuming a given educational policy, the recent brain drain literature reveals that skilled migration can boost the average level of schooling in developing countries. This paper introduces educational subsidies determined by governments concerned by the number of skilled workers remaining in...
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