This paper investigates the effect of tax progression on labour market outcomes in an equilibrium search model with wage bargain and endogenous human capital. We show that this effect depends on whether the firm and the worker can write a binding contract on human capital investments or not. If...

In this paper we study the economic determinants of the inter-sectoral distribution of skilled workers and the long-run consequences of imperfect competition on growth within an R&D-based growth model with human capital accumulation. We find that steady-state growth is driven only by incentives...

The paper assesses the global effects of brain drain on developing economies and quantifies the relative sizes of various static and dynamic impacts. By constructing a unified generic framework characterized by overlapping generations dynamics and calibrated to real data, this study incorporates...