The Brain Drain, ‘Educated Unemployment’, Human Capital Formation, and Economic Betterment

Oded Stark and C. Simon Fan

Chapter 7 in Corruption, Development and Institutional Design, 2009, pp 120-151 from Palgrave Macmillan

Abstract: Abstract Labour migration has long been a topic of intense interest in population research in general and in development economics in particular. The topic has been gaining added appeal in the era of globalization. The received wisdom has been that such migration results in a detrimental brain drain for the developing countries (for a systematic review see Bhagwati and Wilson, 1989).1 A recent and growing literature argues that the brain drain is accompanied by a beneficial brain gain.2 The new writings contend that compared with a closed economy, an economy open to migration differs not only in the opportunities that workers face but also in the structure of the incentives that they confront; higher prospective returns to human capital in a foreign country impinge favourably on human capital formation decisions at home.

Keywords: Brain Drain; Closed Economy; Human Capital Formation; Receive Wisdom; Brain Gain (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: The Brain Drain, "Educated Unemployment," Human Capital Formation, and Economic Betterment (2007)
Working Paper: The Brain Drain, “Educated Unemployment,” Human Capital Formation, and Economic Betterment (2007)
Working Paper: The brain drain, "educated unemployment", human capital formation, and economic betterment (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-0-230-24217-3_7

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230242173

DOI: 10.1057/9780230242173_7

Access Statistics for this chapter

More chapters in International Economic Association Series from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().