The Microeconomic Determinants of Emigration and Return Migration of the Best and Brightest: Evidence from the Pacific
A unique survey which tracks worldwide the best and brightest academic performers from three Pacific countries is used to assess the extent of emigration and return migration among the very highly skilled, and to analyze, at the microeconomic level, the determinants of these migration choices. Although we estimate that the income gains from migration are very large, not everyone migrates and many return. Within this group of highly skilled individuals the emigration decision is found to be most strongly associated with preference variables such as risk aversion and patience, and choice of subjects in secondary school, and not strongly linked to either liquidity constraints or to the gain in income to be had from migrating. Likewise, the decision to return is strongly linked to family and lifestyle reasons, rather than to the income opportunities in different countries. Overall the data suggest a relatively limited role for income maximization in distinguishing migration propensities among the very highly skilled, and a need to pay more attention to other components of the utility maximization decision.
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Format: | Journal Article biblioteca |
Language: | EN |
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2011
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Subjects: | International Migration F220, Human Capital, Skills, Occupational Choice, Labor Productivity J240, Economic Development: Human Resources, Human Development, Income Distribution, Migration O150, |
Online Access: | http://hdl.handle.net/10986/5770 |
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dig-okr-1098657702021-04-23T14:02:23Z The Microeconomic Determinants of Emigration and Return Migration of the Best and Brightest: Evidence from the Pacific Gibson, John McKenzie, David International Migration F220 Human Capital Skills Occupational Choice Labor Productivity J240 Economic Development: Human Resources Human Development Income Distribution Migration O150 A unique survey which tracks worldwide the best and brightest academic performers from three Pacific countries is used to assess the extent of emigration and return migration among the very highly skilled, and to analyze, at the microeconomic level, the determinants of these migration choices. Although we estimate that the income gains from migration are very large, not everyone migrates and many return. Within this group of highly skilled individuals the emigration decision is found to be most strongly associated with preference variables such as risk aversion and patience, and choice of subjects in secondary school, and not strongly linked to either liquidity constraints or to the gain in income to be had from migrating. Likewise, the decision to return is strongly linked to family and lifestyle reasons, rather than to the income opportunities in different countries. Overall the data suggest a relatively limited role for income maximization in distinguishing migration propensities among the very highly skilled, and a need to pay more attention to other components of the utility maximization decision. 2012-03-30T07:34:28Z 2012-03-30T07:34:28Z 2011 Journal Article Journal of Development Economics 03043878 http://hdl.handle.net/10986/5770 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article East Asia and Pacific |
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International Migration F220 Human Capital Skills Occupational Choice Labor Productivity J240 Economic Development: Human Resources Human Development Income Distribution Migration O150 International Migration F220 Human Capital Skills Occupational Choice Labor Productivity J240 Economic Development: Human Resources Human Development Income Distribution Migration O150 |
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International Migration F220 Human Capital Skills Occupational Choice Labor Productivity J240 Economic Development: Human Resources Human Development Income Distribution Migration O150 International Migration F220 Human Capital Skills Occupational Choice Labor Productivity J240 Economic Development: Human Resources Human Development Income Distribution Migration O150 Gibson, John McKenzie, David The Microeconomic Determinants of Emigration and Return Migration of the Best and Brightest: Evidence from the Pacific |
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A unique survey which tracks worldwide the best and brightest academic performers from three Pacific countries is used to assess the extent of emigration and return migration among the very highly skilled, and to analyze, at the microeconomic level, the determinants of these migration choices. Although we estimate that the income gains from migration are very large, not everyone migrates and many return. Within this group of highly skilled individuals the emigration decision is found to be most strongly associated with preference variables such as risk aversion and patience, and choice of subjects in secondary school, and not strongly linked to either liquidity constraints or to the gain in income to be had from migrating. Likewise, the decision to return is strongly linked to family and lifestyle reasons, rather than to the income opportunities in different countries. Overall the data suggest a relatively limited role for income maximization in distinguishing migration propensities among the very highly skilled, and a need to pay more attention to other components of the utility maximization decision. |
format |
Journal Article |
topic_facet |
International Migration F220 Human Capital Skills Occupational Choice Labor Productivity J240 Economic Development: Human Resources Human Development Income Distribution Migration O150 |
author |
Gibson, John McKenzie, David |
author_facet |
Gibson, John McKenzie, David |
author_sort |
Gibson, John |
title |
The Microeconomic Determinants of Emigration and Return Migration of the Best and Brightest: Evidence from the Pacific |
title_short |
The Microeconomic Determinants of Emigration and Return Migration of the Best and Brightest: Evidence from the Pacific |
title_full |
The Microeconomic Determinants of Emigration and Return Migration of the Best and Brightest: Evidence from the Pacific |
title_fullStr |
The Microeconomic Determinants of Emigration and Return Migration of the Best and Brightest: Evidence from the Pacific |
title_full_unstemmed |
The Microeconomic Determinants of Emigration and Return Migration of the Best and Brightest: Evidence from the Pacific |
title_sort |
microeconomic determinants of emigration and return migration of the best and brightest: evidence from the pacific |
publishDate |
2011 |
url |
http://hdl.handle.net/10986/5770 |
work_keys_str_mv |
AT gibsonjohn themicroeconomicdeterminantsofemigrationandreturnmigrationofthebestandbrightestevidencefromthepacific AT mckenziedavid themicroeconomicdeterminantsofemigrationandreturnmigrationofthebestandbrightestevidencefromthepacific AT gibsonjohn microeconomicdeterminantsofemigrationandreturnmigrationofthebestandbrightestevidencefromthepacific AT mckenziedavid microeconomicdeterminantsofemigrationandreturnmigrationofthebestandbrightestevidencefromthepacific |
_version_ |
1756571658381950976 |