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Published February 1987 | public
Journal Article

Economic analysis of brain drain

Abstract

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.

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.

Additional details

Created:
August 19, 2023
Modified:
October 17, 2023