This paper synthesizes and extends recent research on “The New Economics of the Brain Drainâ€. In a unified framework, the paper shows that while recently identified adverse repercussions of the brain drain exacerbate the long-recognized negative impact of the brain drain, longer-term...

For nearly four decades now, the conventional wisdom has been that the migration of human capital (skilled workers) from a developing country to a developed country is detrimental to the developing country. However, this perception need not hold. A well-designed migration policy can result in a...

In this paper, the authors criticize the view that the presence of altruism either increases the benefits of group interactions or improves the allocation of resources within families. They demonstrate first that altruism can alter the social utility possibility frontier in surprising and...