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Over the past decades, globalization has led to a huge increase in the migration of workers, as well as students. This … paper develops a simple two-step model that describes the decisions of an individual vis-à-vis education and migration, and … presents a unified model, wherein the two migration decisions are combined into a single, unique model. This paper shows that …
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In this paper, we analyse the implications of labour market integration in a two-region model with local human capital externalities and congestion effects. We show that integration can be a double-edged sword. Integration and the ensuing agglomeration of skilled labour can reduce "real" income...
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