Chapter

The Effects of Brain Gain on Growth, Investment, and Employment: Evidence from OECD Countries, 1980–2005

Herbert Brücker, Simone Bertoli, Giovanni Facchini, Anna Maria Mayda and Giovanni Peri

in Brain Drain and Brain Gain

Published in print July 2012 | ISBN: 9780199654826
Published online September 2012 | e-ISBN: 9780191742095 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199654826.003.0006
The Effects of Brain Gain on Growth, Investment, and Employment: Evidence from OECD Countries, 1980–2005

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This chapter examines the impact of the immigration of highly educated workers on employment, productivity, and capital accumulation in the recipient countries, to see whether the presumed positive impact of highly educated immigrants is actually confirmed by aggregate data analysis. The chapter identifies a robust and significant positive effect of the brain gain on employment and capital accumulation, on top of the effect produced by the total immigration rate. The chapter finds that the total inflow of immigrants does not crowd-out native employment, on the contrary, it stimulates investment even in the short term. Moreover, the share of highly educated immigrants adds a positive employment and capital accumulation effect. The chapter also analyses whether the effects of migration differ in ‘bad’ and ‘good’ economic times.

Keywords: immigration; employment; productivity; capital accumulation; receiving countries; highly skilled migrants; business cycle; brain gain

Chapter.  8767 words. 

Subjects: Economic Development and Growth

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