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Based on a welfare-maximization model of skilled migration where education generates a positive externality, this paper examines whether the early view regarding brain drain's (BD) negative impact on source countries and the Bhagwati tax (BT) associated with it, is compatible with the recent...
Persistent link: https://www.econbiz.de/10011868679
that schooling. The theory developed here explains the forsaken schooling phenomenon, which shows that low-skilled and …
Persistent link: https://www.econbiz.de/10012311042
This paper revisits the question of how brain drain affects the optimal education policy of a developing economy. Our framework of analysis highlights the complementarity between public spending on education and students' efforts to acquire human capital in response to career opportunities at...
Persistent link: https://www.econbiz.de/10011910685
In this paper we study the impact of the international migration of unskilled workers on skill formation and the average skill level in the home country. We analyze what appears to be the least threatening scenario from the point of view of its effect on the supply of skills at home: namely,...
Persistent link: https://www.econbiz.de/10009515376
This paper revisits the question of how brain drain affects the optimal education policy of a developing economy. Our framework of analysis highlights the complementarity between public spending on education and students' efforts to acquire human capital in response to career opportunities at...
Persistent link: https://www.econbiz.de/10012910755
Based on a welfare-maximization model of skilled migration where education generates a positive externality, this paper examines whether the early view regarding brain drain's (BD) negative impact on source countries - and the Bhagwati tax (𝐵𝑇) associated with it - is compatible with the...
Persistent link: https://www.econbiz.de/10012129754
It is commonly believed that accumulation of human capital (HC) and availability of physical and financial capitals are among the major determinants of economic growth. In a globalised world, where factors of production are increasingly mobile, the process of domestic accumulation of HC might be...
Persistent link: https://www.econbiz.de/10012773554
How do high and low skilled migration affect fertility and human capital in migrants' origin countries? This question is analyzed within an overlapping generations model where parents choose the number of high and low skilled children they would like to have. Individuals migrate with a certain...
Persistent link: https://www.econbiz.de/10003792879
We specify conditions under which a strictly positive probability of employment in a foreign country raises the level of human capital formed by optimizing workers in the home country. While some workers migrate, "taking along" more human capital than if they had migrated without factoring in...
Persistent link: https://www.econbiz.de/10009711659
Theory suggests that groups historically subject to discrimination, such as Jews, could exhibit traditionally high … investment in education because discrimination spurred exit facilitated by human capital. Theory moreover suggests that if exit … argue with theory and a range of nonexperimental falsification tests that exit by skilled workers was a necessary causal …
Persistent link: https://www.econbiz.de/10011985775