Reversing the Brain Drain: Is it Beneficial?
| Autor: | Syed M. Hussain |
|---|---|
| Rok vydání: | 2012 |
| Předmět: |
Economics and Econometrics
Labour economics Sociology and Political Science Cost–benefit analysis media_common.quotation_subject Compensation (psychology) education Geography Planning and Development Skill level Developing country Brain drain Development Economics Reversing Welfare health care economics and organizations Externality media_common |
| Zdroj: | SSRN Electronic Journal. |
| ISSN: | 1556-5068 |
| Popis: | This paper investigates the costs and benefits of reversing the brain drain from a developing country by calling back its expatriates from abroad. I employ a life cycle model with 2 countries, one poor and one rich, with migration and return migration from and to the poor country. The cost of bringing back a worker is the high enough compensation that must be paid to him to make him indifferent between working the two countries. The benefit is the increase in domestic output because of his higher skill level and the increase in skill level of everyone else because of positive externalities from him. An important contribution of the paper is to empirically estimate the spillovers from a returning migrant. Results show that the welfare gains are maximized when workers with skill levels that are 1.28 standard deviations above the mean skill level of domestic workers are called back. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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