The Microeconomic Determinants of Emigration and Return Migration of the Best and Brightest: Evidence from the Pacific

John Gibson and David McKenzie

No 903, RF Berlin - CReAM Discussion Paper Series from Rockwool Foundation Berlin (RF Berlin) - Centre for Research and Analysis of Migration (CReAM)

Abstract: A unique survey which tracks worldwide the best and brightest academic performers from three Pacific countries is used to assess the extent of emigration and return migration among the very highly skilled, and to analyze, at the microeconomic level, the determinants of these migration choices. Although we estimate that the income gains from migration are very large, not everyone migrates and many return. Within this group of highly skilled individuals the emigration decision is found to be most strongly associated with preference variables such as risk aversion, patience, and choice of subjects in secondary school, and not strongly linked to either liquidity constraints or to the gain in income to be had from migrating. Likewise, the decision to return is strongly linked to family and lifestyle reasons, rather than to the income opportunities in different countries. Overall the data show a relatively limited role for income maximization in distinguishing migration propensities among the very highly skilled, and a need to pay more attention to other components of the utility maximization decision.

Keywords: Brain Drain; Brain Gain; Highly Skilled Migration; Return Migration; Selectivity (search for similar items in EconPapers)
JEL-codes: F22 J61 O15 (search for similar items in EconPapers)
Date: 2009-01
New Economics Papers: this item is included in nep-dev and nep-mig
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (38)

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Related works:
Journal Article: The microeconomic determinants of emigration and return migration of the best and brightest: Evidence from the Pacific (2011)
Working Paper: The Microeconomic Determinants of Emigration and Return Migration of the Best and Brightest: Evidence from the Pacific (2009)
Working Paper: The Microeconomic Determinants of Emigration and Return Migration of the Best and Brightest: Evidence from the Pacific (2009)
Working Paper: The microeconomic determinants of emigration and return migration of the best and brightest: evidence from the Pacific (2009)
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