brain drain
The migration of skilled individuals from developing
countries has typically been considered to be costly for the sending country,
due to lost investments in education, high fiscal costs and labour market
distortions. Economic theory, however, raises the possibility of a beneficial
brain drain primarily through improved incentives to acquire human capital. Our
survey of empirical and theoretical work shows under
what circumstances a developing
country can benefit from skilled migration. It argues that the sectoral aspects
of migration and screening of migrants in the receiving country are of major
importance in determining the welfare implications of the brain drain. These
issues, as well as the size of the sending country, duration of migration and
the effect of diaspora populations, should be addressed in future empirical
work on skilled migration .
Synopsis:
International migration, the movement of people across
international boundaries, has enormous economic,
social and cultural
implications in both origin and destination countries. Using original research,
this title examines the determinants of migration, the impact of remittances
and migration on poverty, welfare, and investment decisions, and the
consequences of brain drain, brain gain, and brain waste.
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