Relying on an original data set on international migration by educational attainment for 1990 and 2000, we analyze the determinants of the brain drain from developing countries. We start from a simple decomposition of the brain drain in two multiplicative components, the degree of openess of...

We develop a model to study the effects of migration and remittances on inequality in the origin communities. While wealth inequality is shown to be monotonically reduced along the time-span, the short-and the long-run impacts on income inequality may be of opposite signs, suggesting that the...

The role of migrants’ networks in promoting cross border investments has been stressed in the literature, possibly making migration and FDI complements rather than substitutes in the long run. In this paper, we estimate the magnitude of such business network externalities in dynamic empirical...

This paper updates and extends the Docquier-Marfouk data set on international migration by educational attainment. We use new sources, homogenize definitions of what a migrant is, and compute gender-dissaggregated indicators of the brain drain. Emigration stocks and rates are provided by level...

This chapter focuses on the effects of skilled migration on developing countries. We first present new evidence on the magnitude of the “brain drain” at the international level. Using a stylized model of education investment in a contest of migration, we then survey the theoretical and...

La résistance aux réformes des retraites provient en partie d'une incompréhension des mécanismes économiques sousj-acents à la problématique. Ces réformes touchent aux paramètres clés du système de retraite : taux de cotisation, montant des prestations et âge de départ à la...

Ce numéro de Regards économiques se penche sur la situation économique et sociale en Wallonie. Il en dresse un large portrait, en souligne les points positifs et négatifs, et ébauche quelques pistes de réflexion sur les mesures propices à donner à l’économie wallonne un nouvel élan.

Dans ce numéro de Regards économiques, nous présentons une mesure multidimensionnelle de la performance des Etats-providence de l’Union européenne. Cette mesure permet de comparer la performance des pays de l’Europe des 15 avec celle des 12 nouveaux membres; elle donne aussi la...

Introduced by Samuelson (1975), the Serendipity Theorem states that the competitive economy will converge towards the optimum steady-state provided the optimum population growth rate is imposed. This paper aims at exploring whether the Serendipity Theorem still holds in an economy with risky...

Alleviating poverty for the elderly requires a different approach from other age groups, and a minimum pension is likely to be the only viable option. This paper examines the impact on old age poverty and the fiscal cost of universal minimum old age pensions in 18 Latin American countries using...