<section name="raw">
    <SEQUENTIAL>
      <record key="001" att1="001" value="LIB910459906" att2="LIB910459906">001   LIB910459906</record>
      <field key="037" subkey="x">englisch</field>
      <field key="050" subkey="x">Forschungsbericht</field>
      <field key="076" subkey="">Ökonomie</field>
      <field key="079" subkey="y">http://www.ihs.ac.at/publications/eco/es-52.pdf</field>
      <field key="079" subkey="z">Stark, Oded - et al., Human Capital Formation, Asymmetric Information, and the Dynamics of International Migration (pdf)</field>
      <field key="079" subkey="y">http://ideas.repec.org/p/ihs/ihsesp/52.html</field>
      <field key="079" subkey="z">Institute for Advanced Studies. Economics Series; 52 (RePEc)</field>
      <field key="100" subkey="">Stark, Oded</field>
      <field key="103" subkey="">Department of Economics, University of Oslo</field>
      <field key="104" subkey="a">Chau, Nancy H.</field>
      <field key="107" subkey="">Department of Economics, Southern Illinois University at Carbondale</field>
      <field key="331" subkey="">Human Capital Formation, Asymmetric Information, and the Dynamics of International Migration</field>
      <field key="403" subkey="">1. Ed.</field>
      <field key="410" subkey="">Wien</field>
      <field key="412" subkey="">Institut für Höhere Studien</field>
      <field key="425" subkey="">1998, March</field>
      <field key="433" subkey="">34 pp., 4 Figures</field>
      <field key="451" subkey="">Institut für Höhere Studien; Reihe Ökonomie; 52</field>
      <field key="451" subkey="h">Kunst, Robert M. (Ed.) ; Fisher, Walter (Ed.) ; Riedl, Arno (Ed.)</field>
      <field key="461" subkey="">Economics Series</field>
      <field key="544" subkey="">IHSES 52</field>
      <field key="700" subkey="">J24</field>
      <field key="700" subkey="">F22</field>
      <field key="720" subkey="">Human Capital</field>
      <field key="720" subkey="">Asymmetric Information</field>
      <field key="720" subkey="">International Migration</field>
      <field key="753" subkey="">Abstract: We consider the case in which the opening up of an economy to migration results in departure of skilled workers. We</field>
      <field key="poi" subkey="n">t out that while the possibility of migration changes the set of employment opportunities, it also affects the structure of</field>
      <field key="inc" subkey="e">ntives: Higher returns to skills in the foreign country influence decisions about skill acquisition at home. We combine the</field>
      <field key="cha" subkey="n">ging opportunities - changing incentive structure idea with an assumption concerning the information environment:Employers in</field>
      <field key="the" subkey="">foreign country are neither perfectly informed nor equally informed over time about the skill levels of individual migrant</field>
      <field key="wor" subkey="k">ers as employers' experience of employing migrant workers accumulates. Our model gives rise to several interesting results.</field>
      <field key="Fir" subkey="s">t, while migration is pursued by the relatively high-skilled, subsequent return migrants are drawn from both tails of the</field>
      <field key="mig" subkey="r">ant skill distribution. Second, the fraction of the home-country workforce acquiring education in thepresence of migration</field>
      <field key="opp" subkey="o">rtunities is higher than the fraction of the home-country workforce acquiring education in the absence of migration</field>
      <field key="opp" subkey="o">rtunities. Third, the intertemporal increase in the probability of discovery of individual skill levelsprompts a sequence of</field>
      <field key="mig" subkey="r">atory moves characterized by a rising average skill level, until the probability of discovery arising from accumulation of</field>
      <field key="mig" subkey="r">ant employment experience reaches its steady state equilibrium. Finally, under well-specified conditions, per capita output</field>
      <field key="in" subkey="a">country vulnerable to migration of skilled members of its workforce is higher than per capita output in a country that is</field>
      <field key="imm" subkey="u">ne to migration.;</field>
    </SEQUENTIAL>
  </section>