The pace of international skilled migration has accelerated during recent decades and it has attracted considerable attention across scholars and politicians. This paper gives a general and critical idea of the brain drain issue. It provides stylized facts on the magnitude and skill composition...

This paper casts the Belgian Great Depression of the 1930s within a dynamic stochastic general equilibrium (DSGE) framework. Results show that a total factor productivity shock within a standard real business cycle model is unsatisfactory. Introducing war expectations in the baseline model...

Emigration affects institutions at home in a number of ways. While people may have fewer incentives to voice when they have exit options, emigrants can voice once abroad and contribute to the diffusion of democratic values and norms. We first document these channels and then consider...

In this paper we investigate the impact of global migration on the welfare of native workers in the OECD countries. We develop a multi-country, general equilibrium model with trade and migration. Labor is assumed to be heterogeneous, whereas the wages, prices, trade flows, the mass of varieties...

This paper studies the effect of liberalizing the international mobility of college-educated workers on the world economy. First, we combine data on effective and desired migration to identify the net pool of foreign talents (NPFT) of selected high-income countries. So far, the EU15 has poorly...

The discourse concerning the mobility of human capital internationally typically evokes migratory patterns from poorer to relatively more wealthy countries and this focus is strongly reflected in the (brain drain) literature. This emphasis omits an important and as yet understudied aspect of the...