Emigration and Brain Drain Evidence From the Caribbean

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 highskil...

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Bibliographic Details
Main Author: Mishra, Prachi
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2006
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Emigration and Brain Drain  |b Evidence From the Caribbean  |c Prachi Mishra 
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651 4 |a United States 
653 |a International finance 
653 |a Migration 
653 |a Labour 
653 |a International Migration 
653 |a Occupational Licensing 
653 |a Migration, immigration & emigration 
653 |a Emigration and immigration 
653 |a Exports and Imports 
653 |a International economics 
653 |a Labor 
653 |a Education 
653 |a Labor Force and Employment, Size, and Structure 
653 |a Labor force 
653 |a Education: General 
653 |a Labor market 
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653 |a Emigration and Immigration 
653 |a Remittances 
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520 |a 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