`Brain drain' without migration: Capital market integration and capital-skill complementarities

Yasuhiro Sato and Kristian Behrens ()

Economics Bulletin, 2006, vol. 18, issue 2, 1-9

Abstract: We analyze the impacts of capital market integration on the skill composition of labor, using a framework in which heterogeneous agents decide to invest in the acquisition of skills and where production exhibits increasing returns in the available skill range (i.e., capital-skill complementarity).

JEL-codes: F2 R1 (search for similar items in EconPapers)
Date: 2006-05-22
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Working Paper: ‘Brain drain’ without migration: capital market integration and capital-skill complementarities (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-06r10001

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