Schiff, Maurice W. - 2018
Based on a welfare-maximization model of skilled migration where education generates a positive externality, this paper …) associated with it - is compatible with the recent more optimistic BD-induced brain gain view. I derive BD's impact on education …, welfare, the optimal education subsidy (𝑠), and a combination of 𝑠 and (the optimal) 𝐵𝑇, when residents' (emigrants …