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.
- Sprache
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Englisch
- Erschienen in
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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
- Klassifikation
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Wirtschaft
- Ereignis
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Geistige Schöpfung
- (wer)
-
Stark, Oded
- Ereignis
-
Veröffentlichung
- (wer)
-
World Bank, Oxford University Press
- (wo)
-
Washington, Oxford
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Buchbeitrag
Beteiligte
- Stark, Oded
- World Bank, Oxford University Press
Entstanden
- 2004
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