Emigration and brain drain : evidence from the Caribbean /

Emigration and brain drain : evidence from the Caribbean /

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Bibliographic Details
Author / Creator:Mishra, Prachi, 1975- author.
Imprint:[Washington, D.C.] : International Monetary Fund, ©2006.
Description:1 online resource (37 pages)
Language:English
Series:IMF working paper ; WP/06/25
IMF working paper ; WP/06/25.
Subject:
Brain drain.
Emigration and immigration.
Brain drain.
Emigration and immigration.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12498791
Hidden Bibliographic Details
ISBN:1283517051
9781283517058
9781451908213
1451908210
Notes:Includes bibliographical references.
Print version record.
Summary:This paper quantifies the magnitude and nature of migration flows from the Caribbean and estimates their costs and benefits. The Caribbean countries have lost 10-40 percent of their labor force due to emigration to OECD member countries. The migration rates are particularly striking for the highskilled. Many countries have lost more than 70 percent of their labor force with more than 12 years of completed schooling-among the highest emigration rates in the world. The region is also the world's largest recipient of remittances as a percent of GDP. Remittances constituted about 13 percent of the region's GDP in 2002. Simple welfare calculations suggest that the losses due to high-skill migration (ceteris paribus) outweigh the official remittances to the Caribbean region. The results suggest that there is indeed some evidence for brain drain from the Caribbean.

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