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Migration of the Talented: Can Europe Catch Up with the U.S.?
Author(s) -
MECHTENBERG LYDIA,
STRAUSZ ROLAND
Publication year - 2012
Publication title -
journal of public economic theory
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.809
H-Index - 32
eISSN - 1467-9779
pISSN - 1097-3923
DOI - 10.1111/jpet.12005
Subject(s) - transferability , human capital , interdependence , immigration , economic geography , economics , human migration , net migration rate , russian federation , political science , capital (architecture) , economy , development economics , demographic economics , economic system , geography , market economy , economic policy , sociology , population , law , demography , population growth , archaeology
We develop a model to analyze migration of highly talented individuals within and into Europe. First, we show that if transferability of human capital is endogenous, i.e., if high migration flows and high human capital transferability are mutually interdependent, Europe might be trapped in a low‐migration equilibrium. Second, we show that high mobility within a Federation is necessary to attract highly talented immigrants into the Federation. We study in how far and in what way the European public policy behind the Bologna and the Lisbon Process can contribute to higher mobility in Europe.