The Gain from the Drain - Skill-biased Migration and Global Welfare

Arbeitspapier

High-skilled workers are four times more likely to migrate than low-skilled workers. This skill bias in migration - often called brain drain - has been at the center of a heated debate about the welfare consequences of emigration from developing countries. In this paper, we provide a global perspective on the brain drain by jointly quantifying its impact on the sending and receiving countries. In a calibrated multi-country model, we compare the current world to a counterfactual with the same number of migrants, but those migrants are randomly selected from their country of origin. We find that the skill bias in migration significantly increases welfare in most receiving countries. Moreover, due to a more efficient global allocation of talent, the global welfare effect is positive, albeit some sending countries lose. Overall, our findings suggest that more - not less - high-skilled migration would increase world welfare.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: CReAM Discussion Paper Series ; No. 24/16

Klassifikation und Themen

• Klassifikation: Wirtschaft ; International Migration ; Economic Development: Human Resources; Human Development; Income Distribution; Migration ; Geographic Labor Mobility; Immigrant Workers
• Thema: migration ; brain drain ; global welfare

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Biavaschi, Costanza ; Burzynski, Michal ; Elsner, Benjamin ; Machado, Joël
• Ereignis: Veröffentlichung
• (wer): Centre for Research & Analysis of Migration (CReAM), Department of Economics, University College London
• (wo): London
• (wann): 2016

Weitere Informationen

• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ