Does high-skilled migration affect publicly financed investments?

Autor/inn/en	Grossmann, Volker; Stadelmann, David
Institution	Forschungsinstitut zur Zukunft der Arbeit
Titel	Does high-skilled migration affect publicly financed investments? Gefälligkeitsübersetzung: Beeinflusst die Migration Hochqualifizierter öffentliche Investitionen?
Quelle	Bonn (2012), 27 S. PDF als Volltext kostenfreie Datei Link als defekt meldenVerfügbarkeit
Reihe	IZA discussion paper. 6610
Sprache	englisch
Dokumenttyp	online; Monographie
Schlagwörter	Bildung; Forschung und Entwicklung; Staatsquote; Humankapital; Ausgaben; Humankapitaltheorie; Investitionspolitik; Arbeitsmarkttheorie; Forschungsfinanzierung; Brain Drain; Emigration; OECD (Organisation für wirtschaftliche Zusammenarbeit und Entwicklung); Hoch Qualifizierter
Abstract	This 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. (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2016/2