Migration,human capital accumulation and economic development |
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| Affiliation: | 1. Center for International Development at Harvard University and Santa Fe Institute, USA;2. Center for International Development at Harvard University, 79 JFK St., Center for International Development at Harvard University, 02138 MA, USA;1. Institute for Economic and Social Research, Jinan University, Zhounghui Building, Room 105, Guangzhou 510632, China;2. Cheung Kong Graduate School of Business, Tower E1, Oriental Plaza, 1 East Chang An Avenue, Beijing 100738, China;3. Institute for Economic and Social Research, Jinan University, Zhounghui Building, Room 112A, Guangzhou 510632, China;4. China Institute for Educational Finance Research, Graduate School of Education, Room 406, Peking University, Beijing 100871, China;5. Graduate School of Education, Peking University, Beijing 100871, China;1. Warwick Business School, Coventry, UK;2. Princeton University, NJ, USA;3. Insper, São Paulo, Brazil;1. University of Hong Kong, Hong Kong, China;2. Johns Hopkins University, USA;3. CESIfo, Germany;4. Department of Economics, Chinese University of Hong Kong, Hong Kong, China;1. FNRS and IRES, Université Catholique de Louvain, Belgium;2. Ca'' Foscari University of Venice, Centro Studi Luca d''Agliano, Italy;3. Paris School of Economics, University Paris 1 Pantheon-Sorbonne, France, and Bar-Ilan University, Israel;4. IZA-Bonn, Institute for the Study of Labor, Germany |
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| Abstract: | We study how the possibility of migration changes the composition of human capital in sending countries, and how this affects development. In our model, growth is driven by productivity growth, which occurs via imitation or innovation. Both activities use the same types of skilled labour as input, albeit with different intensities. Heterogenous agents accumulate skills in response to economic incentives. Migration distorts these incentives, and the accumulation of human capital. This slows down, or even hinders, economic development. The effect is stronger, the farther away the country is from the technological frontier. |
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