Abstract
Over the past decades, globalization has led to a huge increase in the migration of workers, as well as students. This paper develops a simple two-step model that describes the decisions of an individual vis-à-vis education and migration, and presents a unified model, wherein the two migration decisions are combined into a single, unique model. This paper shows that under the plausible assumption that costs of migration differ over the human life cycle, the usual brain drain strategy is sub-optimal. With an increase in globalization, the brain drain strategy will be replaced by the strategy of migration of students.
| Original language | English |
|---|---|
| Article number | 17 |
| Journal | Economies |
| Volume | 4 |
| Issue number | 3 |
| DOIs | |
| State | Published - Sep 2016 |
Bibliographical note
Publisher Copyright:© 2016 by the author; licensee MDPI, Basel, Switzerland.
Funding
I wish to thank Jean-Pascal Benassy, Joel Hellier, Ayal Kimchi, Hillel Rapoport, Yossi Shavit, Thierry Verdier; the participants at the conference on Globalization in Lille, at seminars at Tel-Aviv University, and at the Paris School of Economics; and the referees and the editor, for their useful comments on an earlier version of this paper. I thank Ariel Soueri for excellent research assistance.
| Funders |
|---|
| Paris School of Economics |
Keywords
- Brain drain
- Globalization
- Higher education
- Human capital
- Migration
- Mobility
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