Buchbeitrag
The Economics of the Brain Drain Turned on its Head
When productivity is fostered by an individual’s own human capital as well as by the economy-wide average level of human capital, individuals under-invest in human capital. A strictly positive probability of migration to a richer country raises both the level of human capital formed by optimizing individuals in the home country and the average level of human capital of non-migrants in the country. Conditions are provided under which the welfare of all workers is higher with migration than in its absence. A well-controlled, restrictive migration policy can enhance welfare and nudge the economy toward the social optimum.
- Language
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Englisch
- Bibliographic citation
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In: Annual World Bank Conference on Development Economics, Europe 2003 : Toward Pro-Poor Policies - Aid, Institutions, and Globalization ; Year: 2004 ; Pages: 335-345 ; Ed(s).: Tungodden, Bertil ; Stern, Nick ; Kolstad, Ivar ; Washington, Oxford: World Bank, Oxford University Press
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Stark, Oded
- Event
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Veröffentlichung
- (who)
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World Bank, Oxford University Press
- (where)
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Washington, Oxford
- (when)
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2004
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Buchbeitrag
Associated
- Stark, Oded
- World Bank, Oxford University Press
Time of origin
- 2004
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