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Does High-skilled Migration Affect Publicly Financed Investments?

机译:高技能移民会影响公共投资吗?

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摘要

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.
机译:本文分析了高技能劳动力的迁移与公共投资之间的相互作用。我们开发了一个具有多个事前相同管辖权的理论模型,个人可以在该管辖权中决定教育和随后的移民。迁移决定是基于不同司法管辖区内净收入的差异,这可能是内生的。收入差异和移民流动之间的相互作用产生了多重均衡的潜力:没有移民的对称均衡和不对称均衡,其中各个辖区的净收入水平不同并触发移民流动。在以前的均衡中,所有辖区都具有相同的公共投资水平。在后者中,公共投资在熟练的外派人员所在的东道国经济中较高,而在来源经济体中较低。我们通过经验检验了以下假设,即移民率与经合组织国家的公共融资投资水平呈负相关。

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  • 来源
    《Review of international economics》 |2012年第5期|p.944-959|共16页
  • 作者单位

    University of Fribourg, Department of Economics, Bd. de Perolles 90, G424, 1700 Fribourg, Swit- zerland;

    University of Fribourg, Switzerland;

    CREMA—Center for Research in Economics, Management and the Arts, Switzerland;

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