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Emigration and Brain Drain: Evidence from the Caribbean

Author/Editor: Mishra, Prachi
Authorized for Distribution: January 1, 2006
Electronic Access: Free Full Text (PDF file size is 478KB)
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.

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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Series: Working Paper No. 06/25
Subject(s): Labor mobility | Caribbean | Skilled labor | Immigration | OECD | Economic models
Author's keyword(s): Emigration | Caribbean
 
English  
    Published:   January 1, 2006        
    ISBN/ISSN:   1934-7073   Format:   Paper
    Stock No:   WPIEA2006025   Pages:   39
    Price:   US$15.00 (Academic Rate: US$15.00 )
       
     
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