Can Tax Incentives Bring Brains Back? Returnees Tax Schemes and High-Skilled Migration in Italy.

Autor/inn/en	Bassetto, Jacopo; Ippedico, Giuseppe
Institution	CESifo GmbH
Titel	Can Tax Incentives Bring Brains Back? Returnees Tax Schemes and High-Skilled Migration in Italy. Gefälligkeitsübersetzung: Können Steueranreize die Hochqualifizierten zurückbringen? Steuerregelungen für Rückkehrer und hochqualifizierte Migration in Italien.
Quelle	München (2023), 66 S. PDF als Volltext kostenfreie Datei (1); PDF als Volltext kostenfreie Datei (2) Link als defekt meldenVerfügbarkeit
Reihe	CESifo working paper. 10271
Sprache	englisch
Dokumenttyp	online; Monographie
Schlagwörter	Deutschland; Italien; Italiener; Abwanderung; Förderung; Fachkraft; Förderung; Rückkehrbereitschaft; Steuerentlastung; Fachkraft; Abwanderung; Arbeitspapier; Hochschulabsolvent; Hoch Qualifizierter; Italiener; Deutschland; Italien
Abstract	"Brain drain is a growing concern for many countries experiencing large emigration rates of their highly educated citizens. While several European countries have designed preferential tax schemes to attract high-skilled individuals, there is limited empirical evidence on the effectiveness of fiscal incentives in a context of brain drain, and on migration responses beyond top earners. In this paper we investigate the effects of the Italian 2010 tax scheme "Controesodo", which granted a generous income tax exemption to young high-skilled expatriates who relocate to Italy. Eligibility requires a college degree as well as being born in 1969 or later, which creates suitable quasi-experimental conditions to identify the effect of tax incentives. Using a Triple Difference design and administrative data on return migration, we find that eligible individuals are 27% more likely to move back to Italy post-reform. Additionally, using social security data from the main origin country of Italian returnees (Germany), we uncover significant effects throughout the wage distribution, suggesting that mobility in response to tax incentives is a broad phenomenon not limited to top earners. A cost-benefit analysis reveals that the direct fiscal impact of the reform - a lower bound of the total effect in the presence of human capital externalities - is marginally positive, by virtue of the tax scheme targeting young high-skilled individuals." The study refers to the period 2006-2018. (Author's abstract, IAB-Doku)..
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2023/1