Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/62361 
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dc.contributor.authorGrossmann, Volkeren
dc.contributor.authorStadelmann, Daviden
dc.date.accessioned2012-06-19-
dc.date.accessioned2012-09-14T11:04:06Z-
dc.date.available2012-09-14T11:04:06Z-
dc.date.issued2012-
dc.identifier.urihttp://hdl.handle.net/10419/62361-
dc.description.abstractThis paper analyzes the interaction between migration of high-skilled labor and publicly financed investment. We develop a theoretical model with multiple, ex ante identical jurisdictions where individuals decide on education and subsequent emigration. Migration decisions are based on differences in net income across jurisdictions which may occur endogenously. The interaction between income differences and migration flows gives rise to the potential of multiple equilibria: a symmetric equilibrium without migration and an asymmetric equilibrium in which net income levels differ among jurisdictions and trigger migration flows. In the former equilibrium, all jurisdictions have the same public investment level. In the latter one, public investment is high in host economies of skilled expatriates and low in source economies. We empirically test the hypothesis that emigration rates are negatively associated with publicly financed investment levels for OECD countries.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x6610en
dc.subject.jelF22en
dc.subject.jelH40en
dc.subject.ddc330en
dc.subject.keywordhigh-skilled migrationen
dc.subject.keywordhuman capital externalitiesen
dc.subject.keywordpublicly financed investmenten
dc.subject.stwBrain Drainen
dc.subject.stwÖffentliche Investitionen
dc.subject.stwTheorieen
dc.subject.stwOECD-Staatenen
dc.titleDoes high-skilled migration affect publicly financed investments?-
dc.typeWorking Paperen
dc.identifier.ppn717908151en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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