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Is Brain Drain passé? The Optimal Timing of Migration

Author

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  • Elise S. Brezis

    (Bar-Ilan University)

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.

Suggested Citation

  • Elise S. Brezis, 2018. "Is Brain Drain passé? The Optimal Timing of Migration," Working Papers 2018-02, Bar-Ilan University, Department of Economics.
    • Handle: RePEc:biu:wpaper:2018-02
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    Labor mobility; Brain drain; Brain Waste; Psychological costs; Higher education; Mismatch Costs; Return Migration; Quality of education.;
    All these keywords.

    JEL classification:

    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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