A Brain Gain with a Brain Drain

Oded Stark, Christian Helmenstein and Alexia Prskawetz
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Christian Helmenstein: Department of Finance, Institute for Advanced Studies, Vienna
Alexia Prskawetz: Institute for Demography, Austrian Academy of Sciences

No 45, Economics Series from Institute for Advanced Studies

Abstract: We study human capital depletion and formation in an economy open to out-migration, as opposed to an economy which is closed. Under the natural assumption of asymmetric information, the enlarged opportunities and the associated different structure of incentives can give rise to a brain gain in conjunction with a brain drain. Migration by high-skill members of its workforce notwithstanding, the home country can end up with a higher average level of human capital per worker.

Keywords: Migration; Brain Drain; Skill Formation; Asymmetric Information (search for similar items in EconPapers)
JEL-codes: F22 J24 J61 (search for similar items in EconPapers)
Date: 1997-06
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http://www.ihs.ac.at/publications/eco/es-45.pdf First version, 1997 (application/pdf)

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Journal Article: A brain gain with a brain drain (1997)
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