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This paper quantitatively investigates the short- and long-run effects of liberalizing global migration on the world … distribution of income. We develop and parametrize a dynamic model of the world economy with endogenous migration, fertility and … education decisions. We identify bilateral migration costs and their legal component for each pair of countries and two classes …
Persistent link: https://www.econbiz.de/10010235847
International migration is a selective process that induces ambiguous effects on human capital and economic development … and human capital accumulation in a multi-country context. We then embed this migration-education nexus into a development … accounting framework to quantify the effects of migration on development and inequality. We find that selective emigration …
Persistent link: https://www.econbiz.de/10014288247
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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...
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