Editor:
Universidad Carlos III de Madrid. Departamento de Economía
Fecha de edición:
2015-09
ISSN:
2340-5031
Agradecimientos:
Albarrán acknowledges additional financial support from the Spanish
MEC through grants ECO2009-11165 and ECO2011-29751, and Carrasco and Ruiz-Castillo
through grants No. ECO2009-11165 and ECO2011-29762, respectively
Serie/Num.:
Working Paper Economic Series 14-15
Proyecto:
Gobierno de España. ECO2009-11165 Gobierno de España. ECO2011-29751 Gobierno de España. ECO2009-11165 Gobierno de España. ECO2011-29762
Derechos:
Atribución-NoComercial-SinDerivadas 3.0 España
Resumen:
This paper compares the average productivity of those in brain drain (migrants), brain
circulation (temporary migrants) and stayers (whose entire career takes place in their country of origin)
in a set of 2,530 highly productive economists that work in 2007 This paper compares the average productivity of those in brain drain (migrants), brain
circulation (temporary migrants) and stayers (whose entire career takes place in their country of origin)
in a set of 2,530 highly productive economists that work in 2007 in a selection of the top 81 Economics
departments worldwide. There are three main findings. Firstly, among nationals from the eleven
countries other than the U.S. with at least one department in the sample, migrants are positively
selected relative to stayers –exacerbating the brain drain problem from the sending countries point of
view. Moreover, those in brain circulation are negatively selected relative to those brain-drained into the
U.S. but are also generally more productive than stayers. Secondly, among U.S. nationals, the ranking is
very different: brain circulation, followed by stayers, and brain drain. From a global point of view, the
selection effects summarized in these two points can be seen as contributing to the best allocation of
resources. Thirdly, comparisons between the average productivity of foreigners and stayers in a given
geographical area are very much affected by two factors: the quality threshold that defines the base to
which foreigners are compared, and the type of department where comparisons take place in a partition
into five department categories. For example, in the bottom 56 departments foreigners are more
productive than stayers in the total sample, but the two groups are indistinguishable in an elite
consisting of 833 economists with above average productivity. In the top 25 U.S. departments the two
groups are equally productive, both in the total sample and in the elite.[+][-]