Optimal education policy and human capital accumulation in the context of brain drain.

Autor/inn/en	Djajic, Slobodan; Docquier, Frédéric; Michael, Michael S.
Institution	Forschungsinstitut zur Zukunft der Arbeit
Titel	Optimal education policy and human capital accumulation in the context of brain drain. Gefälligkeitsübersetzung: Optimale Bildungspolitik und Humankapitalakkumulation im Kontext von Brain Drain.
Quelle	Bonn (2018), 31 S. PDF als Volltext kostenfreie Datei Link als defekt meldenVerfügbarkeit
Reihe	IZA discussion paper. 11806
Sprache	englisch
Dokumenttyp	online; Monographie
Schlagwörter	Bildung; Bildungspolitik; Bildungsertrag; Entwicklungsland; Industriestaat; Ausgaben; Beschäftigungsland; Herkunftsland
Abstract	"This paper revisits the question of how brain drain affects the optimal education policy of a developing economy. Our framework of analysis highlights the complementarity between public spending on education and students' efforts to acquire human capital in response to career opportunities at home and abroad. Given this complementarity, we find that brain drain has conflicting effects on the optimal provision of public education. A positive response is called for when the international earning differential with destination countries is large, and when the emigration rate is relatively low. In contrast with the findings in the existing literature, our numerical experiments show that these required conditions are in fact present in a large number of developing countries; they are equivalent to those under which an increase in emigration induces a net brain gain. As a further contribution, we study the interaction between the optimal immigration policy of the host country and education policy of the source country in a game-theoretic framework." (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2019/1