Emigration and Brain Drain: Evidence from the Caribbean

39 Pages Posted: 3 Mar 2006

See all articles by Prachi Mishra

Prachi Mishra

International Monetary Fund (IMF) - Research Department

Date Written: January 2006

Abstract

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 schoolingamong 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.

Keywords: Emigration, Caribbean

JEL Classification: F22

Suggested Citation

Mishra, Prachi, Emigration and Brain Drain: Evidence from the Caribbean (January 2006). IMF Working Paper, Vol. , pp. 1-39, 2006. Available at SSRN: https://ssrn.com/abstract=888170

Prachi Mishra (Contact Author)

International Monetary Fund (IMF) - Research Department ( email )

700 19th Street NW
Washington, DC 20431
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
282
Abstract Views
1,768
rank
108,639
PlumX Metrics