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Highly Skilled International Migration, STEM Workers, and Innovation

Anelí Bongersy (), Carmen Diaz-Roldan () and Jose Torres ()
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Anelí Bongersy: Universidad de Málaga

Authors registered in the RePEc Author Service: Anelí Bongers ()

No 18-02, Working Papers from Asociación Española de Economía y Finanzas Internacionales

Abstract: This paper studies the implications of highly skilled labor international migration in a two-country Dynamic Stochastic General Equilibrium model. The model considers hree types of workers: STEM workers, non-STEM college educated workers, and non-college educated workers. Only high skilled workers can move internationally from the relative low productivity (sending) country to the high productivity (host) country. Aggregate productivity in each economy is a function of innovations, which can be produced only by STEM workers. The model predicts i) the existence of a wage premium of STEM workers relative to non-STEM college educated workers, ii) this wage premium is higher in the destination country and increases with positive technological shocks, iii) a reduction in migration costs increases output, wages and total labor in the destination country, with opposite effects in the country of origin, and iv) high skilled immigrants reduce skilled native labor and do not affect unskilled labor.

Keywords: STEM workers; Migration; Dynamic Stochastic General Equilibrium models; Innovation (search for similar items in EconPapers)
JEL-codes: F43 J61 O31 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2018-02
New Economics Papers: this item is included in nep-dge, nep-int, nep-mig and nep-ure
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