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Migration in Puerto Rico: Is There a Brain Drain?

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Abstract

Given Puerto Rico’s long-term economic malaise and ongoing fiscal crisis, it is no wonder that out-migration of the Island’s residents has picked up. Over the past five years alone, migration has resulted in a net outflow of almost 300,000 people, a staggering loss. It would make matters worse, however, if Puerto Rico were losing an outsized share of its highest-paid workers. But we find that, if anything, Puerto Rico’s migrants are actually tilted somewhat toward the lower end of the skills and earnings spectrum. Still, such a large outflow of potentially productive workers and taxpayers is an alarming trend that is likely to have profound consequences for the Island for years to come.

Suggested Citation

  • Jaison R. Abel & Giacomo De Giorgi & Richard Deitz & Harry Wheeler, 2016. "Migration in Puerto Rico: Is There a Brain Drain?," Liberty Street Economics 20160809b, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:87144
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    More about this item

    Keywords

    Population Growth; Migration; Human Capital; Puerto Rico;
    All these keywords.

    JEL classification:

    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
    • J00 - Labor and Demographic Economics - - General - - - General

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