Arbeitspapier
Should I stay or should I go? An institutional approach to brain drain
This paper suggests that institutional factors which reward social net- works at the expenses of productivity can play an important role in ex- plaining brain drain. The e€ects of social networks on brain drain are analyzed in a decision theory framework with asymmetric information. We distinguish between the role of insidership and personal connections. The larger the cost of being an outsider, the smaller is the number and the average ability of researchers working in the domestic job market. Per- sonal connections partly compensate for this e€ect by attracting highly connected researchers back. However, starting from a world with no dis- tortions, personal connections also increase brain drain.
- Language
-
Englisch
- Bibliographic citation
-
Series: CREMA Working Paper ; No. 2010-12
- Classification
-
Wirtschaft
Asymmetric and Private Information; Mechanism Design
International Migration
Education and Research Institutions: General
Human Capital; Skills; Occupational Choice; Labor Productivity
Professional Labor Markets; Occupational Licensing
- Subject
-
Brain Drain
Social Networks
Institutions
Asymmetric In- formation
Italian Academia
- Event
-
Geistige Schöpfung
- (who)
-
Cassar, Lea
Frey, Bruno S.
- Event
-
Veröffentlichung
- (who)
-
Center for Research in Economics, Management and the Arts (CREMA)
- (where)
-
Basel
- (when)
-
2010
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Cassar, Lea
- Frey, Bruno S.
- Center for Research in Economics, Management and the Arts (CREMA)
Time of origin
- 2010
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