Development economists have long warned about the costs for developing countries of the emigration of the best and brightest that decamp to universities and businesses in the developed world (Bhagwati 1976). This brain drain has attracted a considerable amount of economic research.
Brain drain or brain gain? Evidence from corporate boards
Mariassunta Giannetti , Guanmin Liao, Xiaoyun Yu, 3 January 2013
Do highly skilled migrants return permanently to their home countries?
Patrick Gaulé, 14 December 2010
Many countries are concerned about losing their best scientists, engineers, and other skilled workers to emigration to foreign countries and the US in particular. It is plainly the case that many skilled workers cross national borders. The evidence regarding the brain drain from Europe to the US is surveyed in Saint-Paul (2008).
What are the consequences for development of the most highly skilled migrating?
John Gibson, David McKenzie, 12 August 2010
If you were born in the Pacific Islands or the Caribbean and have a university education, the chances are that you have moved abroad – well over half do so (Beineet al. 2008). High-skilled migration is also commonplace in a number of larger developing countries, especially in sub-Saharan Africa.
Migration in Latin America: Answering old questions with new data
Bárbara Castelletti, Jeff Dayton-Johnson, Ángel Melguizo, 19 March 2010
Does immigration reduce the wages of domestic workers? Are immigrants a substitute for a country’s labour force, thereby pushing up unemployment rates for native-born workers? Are they net beneficiaries of the welfare state?
The European brain drain: European workers living in the US
Gilles Saint-Paul, 24 December 2008
Since 1995, America has grown faster while enjoying lower unemployment than Europe. Adding to Europe's growth angst are worries about aging populations, its inability to adapt to technical change, the burden of its welfare state, and the pains of labour market deregulation. A particular worry is that Europe is losing its most talented workers to the US.
Brain Drained: A Tale of Two Countries
Dan Ben-David, 14 March 2008
While the number of European scholars in America ranges from one to four percent of the scholars in their individual home countries, 73% of those who earn their PhDs in the States indicate a desire to stay there (European Commission, 2003).
Brain Drained: Soaring Minds
Dan Ben-David, 13 March 2008
The brain drain is no longer merely a concern about outmigration from developing to developed countries. As border barriers to individuals whose skills are in demand fall, a greater number of those who can move are choosing to do so, particularly in academia.
- The case for 4% inflationBall
- Helicopter money as a policy optionReichlin, Turner, Woodford
- The banking crisis as a giant carry trade gone wrongAcharya, Steffen
- Everything the IMF wanted to know about financial regulation and wasn’t afraid to askBair
- Rethinking macroeconomic policy: Getting granularBlanchard, Dell'Ariccia, Mauro
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
Baldwin, Kawai, Wignaraja, 11 June 2013
Giavazzi, Portes, Weder di Mauro, Wyplosz
Reichlin, Turner, Woodford
CEPR Policy Research
- The "Greatest" Carry Trade Ever? Understanding Eurozone Bank RisksAcharya, Steffen
- Political Credit Cycles: The Case of the Euro ZoneFernández-Villaverde, Garicano, Santos
- Winning by Losing: Incentive Incompatibility in Multiple QualifiersDagaev, Sonin
- Income and schoolingBrückner, Gradstein
- Monetary Policy and Rational Asset Price BubblesGalí
- How the EZ crisis is permanently changing EU institutionsMicossi
- WTO 2.0: Global governance of supply-chain tradeBaldwin
- Is US economic growth over? Faltering innovation confronts the six headwindsGordon
- The economic crisis: How to stimulate economies without increasing public debtWood
- Austerity: Too Much of a Good Thing?Corsetti
- Understanding banks in emerging markets5 - 6 September 2013 / EBRD, London / European Bank for Reconstruction and Development (EBRD) and Tilburg University