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This paper quantitatively investigates the short- and long-run effects of liberalizing global migration on the world … distribution of income. We develop and parametrize a dynamic model of the world economy with endogenous migration, fertility and … education decisions. We identify bilateral migration costs and their legal component for each pair of countries and two classes …
Persistent link: https://www.econbiz.de/10010333443
and mobility decisions, population growth, and income disparities across and within countries. First, our static … for the 21st century. Assuming the continuation of recent education and migration policies, we predict stable disparities …
Persistent link: https://www.econbiz.de/10011931769
The most basic economic theory suggests that rising incomes in developing countries will deter emigration from those countries, an idea that captivates policymakers in international aid and trade diplomacy. A lengthy literature and recent data suggest something quite different: that over the...
Persistent link: https://www.econbiz.de/10010468120
This paper quantitatively investigates the short- and long-run effects of liberalizing global migration on the world … distribution of income. We develop and parametrize a dynamic model of the world economy with endogenous migration, fertility and … education decisions. We identify bilateral migration costs and their legal component for each pair of countries and two classes …
Persistent link: https://www.econbiz.de/10010235847
The most basic economic theory suggests that rising incomes in developing countries will deter emigration from those countries, an idea that captivates policymakers in international aid and trade diplomacy. A lengthy literature and recent data suggest something quite different: that over the...
Persistent link: https://www.econbiz.de/10010423766
and mobility decisions, population growth, and income disparities across and within countries. First, our static … for the 21st century. Assuming the continuation of recent education and migration policies, we predict stable disparities …
Persistent link: https://www.econbiz.de/10011910583
The most basic economic theory suggests that rising incomes in developing countries will deter emigration from those countries, an idea that captivates policymakers in international aid and trade diplomacy. A lengthy literature and recent data suggest something quite different: that over the...
Persistent link: https://www.econbiz.de/10010959810
This paper quantitatively investigates the short- and long-run effects of liberalizing global migration on the world … distribution of income. We develop and parametrize a dynamic model of the world economy with endogenous migration, fertility and … education decisions. We identify bilateral migration costs and their legal component for each pair of countries and two classes …
Persistent link: https://www.econbiz.de/10010736743
economy. First, we combine data on effective and desired migration to identify the net pool of foreign talents (NPFT) of … benefit less than the US. In addition, liberalizing high-skilled migration decreases income per worker by 2.5 percent in …
Persistent link: https://www.econbiz.de/10011075063
Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country...
Persistent link: https://www.econbiz.de/10010324788