Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/202534
Authors: 
Brezis, Elise S.
Year of Publication: 
2018
Series/Report no.: 
Working Paper No. 2018-02
Abstract: 
This paper sheds a new perspective on models of migration by integrating in a same structure the decisions about education and work; and by incorporating return migration with "brain waste". Brain waste is defined as the depreciation, due to migration, in the human capital acquired in the home country. This paper shows that brain waste, and return migration have significant effects on the optimal strategy of migration. Without these elements, brain drain is usually an optimal solution. But, when we introduce brain waste, then it is optimal to migrate as a student. Therefore, brain waste can explain why brain drain is not always optimal.
Subjects: 
Labor mobility
Brain drain
Brain Waste
Psychological costs
Higher education
Mismatch Costs
Return Migration
Quality of education
JEL: 
F22
I23
J24
Document Type: 
Working Paper

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