The finding of Feldstein and Horioka (1980) that domestic saving and domestic investment are highly correlated across countries despite the rapid globalization and liberalization of financial markets in recent decades has been regarded as a Puzzle or Paradox. However, in this paper, we show that...

Durch eine lange Periode hohen wirtschaftlichen Wachstums hat es das Nachkriegsjapan geschafft, nicht nur die Kriegsfolgen zu überwinden, sondern auch in die Spitze der entwickelten Industrienationen aufzusteigen. Vor diesem Hintergrund untersucht der Autor, in welchem Umfang japanische...

It has been argued that the adverse impact of skilled versus unskilled labor migration can be mitigated or even offset by the fact that skilled migrants remit more than unskilled ones. This paper contributes to a much debated and so far unresolved issue, namely whether remittances increase or...

It has been argued that the brain drain's negative impact may be offset by the higher remittance levels skilled migrants send home. This paper examines whether remittances actually increase with migrants' education level. The determinants of remittances it considers include migration levels or...