This paper studies income-redistribution effects from labor migration in a small open economy under alternative assumptions on the international mobility of capital. Our principal result is that induced international capital flows dampen or may even reverse redistribution effects. However, as...

This paper studies income-redistribution effects from labor migration in a small open economy under alternative assumptions on the international mobility of capital. Our principal result is that induced international capital flows dampen or may even reverse redistribution effects. However, as...

We analyze public expectations about migrants’ provision of work effort as a driving force in the self-selection process of high-skilled migrants. We adopt and extend Piketty’s (1998) theoretical framework of social status and work out how country-specific public expectations affect the...