The new economics of the brain drain

Oded Stark

MPRA Paper from University Library of Munich, Germany

Abstract: For nearly four decades now, the conventional wisdom has been that the migration of human capital (skilled workers) from a developing country to a developed country is detrimental to the developing country. However, this perception need not hold. A well designed migration policy can result in a “brain gain” to the developing country rather than in just a “brain drain” from it, as well as in a welfare increase for all of its workers - migrants and non-migrants alike - as new research suggests.

Keywords: migration; human capital formation; externalities; social welfare (search for similar items in EconPapers)
JEL-codes: F22 H23 I30 J24 J61 (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (46)

Published in World Economics 2.6(2005): pp. 137-140

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Related works:
Journal Article: The New Economics of the Brain Drain (2005)
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