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Economic analysis of brain drain

Lien, Da-Hsiang Donald (1987) Economic analysis of brain drain. Communists and Post-Communists Studies, 25 (1). pp. 33-43. ISSN 0304-3878. doi:10.1016/0304-3878(87)90073-3.

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In this paper, we consider the brain drain problem arising from the possibility of signaling and individual's two-stage decision procedures within an asymmetric information framework. Where the ranking of the universities provides a signal to domestic employers, our results indicate that, at rational expectations equilibrium, there is an association between students of a particular quality and corresponding qualities of universities they will choose to attend to attain Ph.D.'s. Moreover, we can predict whether these graduating Ph.D.'s choose to return home or remain abroad.

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Additional Information:© 1987, Elsevier Science Publishers B.V. (North-Holland). Received March 1985, final version received October 1985. I am grateful to Richard McKelvey, Leonid Hurwicz, Joel Sobel, Robert Bates, James Quirk, Jack Williamson, and anonymous referees for valuable comments. Of course, all errors remain mine. Formerly SSWP 556.
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ID Code:83175
Deposited By: Jacquelyn Bussone
Deposited On:15 Nov 2017 23:42
Last Modified:15 Nov 2021 19:56

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