Emigration and Brain Drain: Evidence From the Caribbean
IMF Working Papers, January 1, 2006
Source details
- Canonical URL
- Emigration and Brain Drain: Evidence From the Caribbean
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Bibliographic details
- Authors: Prachi Mishra
- Published: January 1, 2006
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451862850.001
Summary findings
- The paper quantifies the magnitude and nature of migration flows from the Caribbean and estimates their costs and benefits.
- The results suggest that there is indeed some evidence for brain drain from the Caribbean.
- Simple welfare calculations suggest that the losses due to high-skill migration (ceteris paribus) outweigh the official remittances to the Caribbean region.
Migration scale and composition
- Caribbean countries have lost 10-40 percent of their labor force due to emigration to OECD member countries.
- Migration rates are particularly striking for the high-skilled: 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.
Remittances and macroeconomic context
- The region is the world's largest recipient of remittances as a percent of GDP.
- Remittances constituted about 13 percent of the region's GDP in 2002.
Research output and metadata
- Author: Prachi Mishra
- Publication date: January 1, 2006
- Series: Working Paper No. 2006/025
- Issue: 025
- Volume: 2006
- Pages: 39
- DOI: https://doi.org/10.5089/9781451862850.001
- Stock No: WPIEA2006025
- ISBN: 9781451862850
- ISSN: 1018-5941
- Subjects: Education, Labor force, Migration, Remittances, Skilled labor
- Keywords: emigration, emigration loss, WP
IMF Working Paper: "Emigration and Brain Drain: Evidence From the Caribbean" by Prachi Mishra (Working Paper No. 2006/025).