The brain drain, 'educated unemployment', human capital formation, and economic betterment

Research output: Book Chapters | Papers in Conference ProceedingsConference paper (refereed)Researchpeer-review

Abstract

Labour migration has long been a topic of intense interest in population research in general and in development economics in particular. The topic has been gaining added appeal in the era of globalization. The received wisdom has been that such migration results in a detrimental brain drain for the developing countries (for a systematic review see Bhagwati and Wilson, 1989).1 A recent and growing literature argues that the brain drain is accompanied by a beneficial brain gain.2 The new writings contend that compared with a closed economy, an economy open to migration differs not only in the opportunities that workers face but also in the structure of the incentives that they confront; higher prospective returns to human capital in a foreign country impinge favourably on human capital formation decisions at home.
Original languageEnglish
Title of host publicationCorruption, development and institutional design
PublisherPalgrave
Pages120-151
Number of pages32
ISBN (Print)9780230242173
DOIs
Publication statusPublished - 1 Jan 2009

Fingerprint

Brain drain
Unemployment
Human capital formation
Economics
Incentives
Developing countries
Human capital
Development economics
Wisdom
Labour migration
Systematic review
Workers
Open economy
Globalization

Bibliographical note

Paper presented at the 14th World Congress of the International-Economic-Association(IEA), Aug 29-Sep 02, 2005, Marrakech, Morocco. ISBN of the source publication: 9780230242173

Cite this

STARK, Oded ; FAN, Cheng Ze, Simon. / The brain drain, 'educated unemployment', human capital formation, and economic betterment. Corruption, development and institutional design. Palgrave, 2009. pp. 120-151
@inproceedings{c3d851f1c0524b819f5a5be225704f17,
title = "The brain drain, 'educated unemployment', human capital formation, and economic betterment",
abstract = "Labour migration has long been a topic of intense interest in population research in general and in development economics in particular. The topic has been gaining added appeal in the era of globalization. The received wisdom has been that such migration results in a detrimental brain drain for the developing countries (for a systematic review see Bhagwati and Wilson, 1989).1 A recent and growing literature argues that the brain drain is accompanied by a beneficial brain gain.2 The new writings contend that compared with a closed economy, an economy open to migration differs not only in the opportunities that workers face but also in the structure of the incentives that they confront; higher prospective returns to human capital in a foreign country impinge favourably on human capital formation decisions at home.",
author = "Oded STARK and FAN, {Cheng Ze, Simon}",
note = "Paper presented at the 14th World Congress of the International-Economic-Association(IEA), Aug 29-Sep 02, 2005, Marrakech, Morocco. ISBN of the source publication: 9780230242173",
year = "2009",
month = "1",
day = "1",
doi = "10.1057/9780230242173_7",
language = "English",
isbn = "9780230242173",
pages = "120--151",
booktitle = "Corruption, development and institutional design",
publisher = "Palgrave",

}

The brain drain, 'educated unemployment', human capital formation, and economic betterment. / STARK, Oded; FAN, Cheng Ze, Simon.

Corruption, development and institutional design. Palgrave, 2009. p. 120-151.

Research output: Book Chapters | Papers in Conference ProceedingsConference paper (refereed)Researchpeer-review

TY - GEN

T1 - The brain drain, 'educated unemployment', human capital formation, and economic betterment

AU - STARK, Oded

AU - FAN, Cheng Ze, Simon

N1 - Paper presented at the 14th World Congress of the International-Economic-Association(IEA), Aug 29-Sep 02, 2005, Marrakech, Morocco. ISBN of the source publication: 9780230242173

PY - 2009/1/1

Y1 - 2009/1/1

N2 - Labour migration has long been a topic of intense interest in population research in general and in development economics in particular. The topic has been gaining added appeal in the era of globalization. The received wisdom has been that such migration results in a detrimental brain drain for the developing countries (for a systematic review see Bhagwati and Wilson, 1989).1 A recent and growing literature argues that the brain drain is accompanied by a beneficial brain gain.2 The new writings contend that compared with a closed economy, an economy open to migration differs not only in the opportunities that workers face but also in the structure of the incentives that they confront; higher prospective returns to human capital in a foreign country impinge favourably on human capital formation decisions at home.

AB - Labour migration has long been a topic of intense interest in population research in general and in development economics in particular. The topic has been gaining added appeal in the era of globalization. The received wisdom has been that such migration results in a detrimental brain drain for the developing countries (for a systematic review see Bhagwati and Wilson, 1989).1 A recent and growing literature argues that the brain drain is accompanied by a beneficial brain gain.2 The new writings contend that compared with a closed economy, an economy open to migration differs not only in the opportunities that workers face but also in the structure of the incentives that they confront; higher prospective returns to human capital in a foreign country impinge favourably on human capital formation decisions at home.

UR - http://commons.ln.edu.hk/sw_master/7246

U2 - 10.1057/9780230242173_7

DO - 10.1057/9780230242173_7

M3 - Conference paper (refereed)

SN - 9780230242173

SP - 120

EP - 151

BT - Corruption, development and institutional design

PB - Palgrave

ER -