Optimal investment in human capital under migration uncertainty
Baran Siyahhan
(1, 2)
,
Hamed Ghoddusi
(3)
Baran Siyahhan
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- Fonction : Auteur correspondant
- PersonId : 181698
- IdHAL : baran-siyahhan
- ORCID : 0000-0002-2625-3861
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Hamed Ghoddusi
- Fonction : Auteur
- PersonId : 1063412
Résumé
This paper develops a model of optimal education investment under uncertainty for an agent with an emigration option. We distinguish between local (country-specific) and global human capital and analyze the role of migration opportunities in human capital accumulation of different types. The analysis shows that human capital accumulation depends on the level of uncertainty and the transferability of human capital across countries. Allowing for human capital investment in the destination country and easier transferability of both local and global human capital exacerbate brain drain.
Domaines
Gestion et managementFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
Optimal investment in human capital under migration uncertainty
|
Résumé |
en
This paper develops a model of optimal education investment under uncertainty for an agent with an emigration option. We distinguish between local (country-specific) and global human capital and analyze the role of migration opportunities in human capital accumulation of different types. The analysis shows that human capital accumulation depends on the level of uncertainty and the transferability of human capital across countries. Allowing for human capital investment in the destination country and easier transferability of both local and global human capital exacerbate brain drain.
|
Auteur(s) |
Baran Siyahhan
1, 2
, Hamed Ghoddusi
3
1
IMT-BS - DEFI -
Département Droit, Economie et Finances
( 95568 )
- 9, rue Charles Fourier - 91011 Evry Cedex
- France
2
LITEM -
Laboratoire en Innovation, Technologies, Economie et Management (EA 7363)
( 1042294 )
- 9 rue Charles Fourier, 91011 Evry Cedex
- France
3
CAL POLY -
California Polytechnic State University [San Luis Obispo]
( 73208 )
- San Luis Obispo, Californie 93407
- États-Unis
|
Nom de la revue |
|
Commentaire |
FNEGE 3, HCERES A, ABS 2
|
Date de publication |
2022-05
|
Volume |
30
|
Numéro |
2
|
Page/Identifiant |
422-449
|
Langue du document |
Anglais
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Internationale
|
Date de publication électronique |
2021-08-20
|
Mots-clés (JEL) |
|
Domaine(s) |
|
Collaboration/Projet |
|
Mots-clés |
en
Human capital investment, Immigration, Real options, Skilled labor
|
DOI | 10.1111/roie.12570 |
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