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The Geography of Talent: Development Implications and Long-Run Prospects

Michał Burzyński (), Christoph Deuster () and Frédéric Docquier ()
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Christoph Deuster: UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES) and Universidade Nova de Lisboa, Portugal

No 2018002, Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: This paper characterizes the recent evolution of the geographic distribution of talent, and studies its implications for development inequality. Assuming the continuation of recent educational and immigration policies, it produces integrated projections of income, population, urbanization and human capital for the 21st century. To do so, we develop and parameterize a two-sector, two-class, world economy model that endogenizes education decisions, population growth, labor mobility, and income disparities across countries and across regions/sectors (agriculture vs. nonagriculture). We find that the geography of talent matters for global inequality, whatever the size of technological externalities. Low access to education and the sectoral allocation of talent have substantial impacts on inequality, while the effect of international migration is small. We conclude that policies targeting access to all levels of education and sustainable urban development are vital to reduce demographic pressures and global inequality in the long term.

Keywords: human capital; migration; urbanization; growth; inequality (search for similar items in EconPapers)
JEL-codes: E24 J24 O15 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-edu, nep-gro, nep-mac, nep-mig and nep-ure
Date: 2018-02-20
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Related works:
Working Paper: The Geography of Talent: Development Implications and Long-Run Prospects (2018) Downloads
Working Paper: The Geography of Talent: Development Implications and Long-Run Prospects (2018) Downloads
Working Paper: The Geography of Talent: Development Implications and Long-Run Prospects (2018) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvir:2018002

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