?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.title=Return+migration+as+channel+of+brain+gain&rft.creator=Mayr%2C+K.&rft.creator=Peri%2C+G.&rft.description=Recent+theoretical+and+empirical+studies+have+emphasized+the+fact+that+the+prospect+of+international+migration+increases+the+expected+returns+to+skills+in+poor+countries%2C%0D%0Alinking+the+possibility+of+migrating+(brain+drain)+with+incentives+to+higher+education+(brain+gain).+If+emigration+is+uncertain+and+some+of+the+highly+educated+remain%2C%0D%0Asuch+a+channel+may%2C+at+least+in+part%2C+counterbalance+the+negative+effects+of+brain+drain.+Moreover%2C+recent+empirical+evidence+seems+to+show+that+temporary+migration%0D%0Ais+widespread+among+highly+skilled+migrants+(such+as+Eastern+Europeans+in+Western+Europe+and+Asians+in+the+U.S.).+This+paper+develops+a+simple+tractable+overlapping%0D%0Agenerations+model+that+provides+an+economic+rationale+for+return+migration+and+which+predicts+who+will+migrate+and+who+will+return+among+agents+with+heterogeneous+abilities.+We+use+parameter+values+from+the+literature+and+the+data%0D%0Aon+return+migration+to+calibrate+our+model+and+simulate+and+quantify+the+effects+of+increased+openness+on+human+capital+and+wages+of+the+sending+countries.+We+find+that%2C+for+plausible+values+of+the+parameters%2C+the+return+migration+channel+is+very+important+and+combined+with+the+incentive+channel+reverses+the+brain+drain+into+significant+brain+gain+for+the+sending+country.&rft.subject=F22%2C+J61%2C+O15&rft.publisher=Centre+for+Research+and+Analysis+of+Migration&rft.date=2008-05&rft.type=Working+%2F+discussion+paper&rft.language=eng&rft.source=++++(Discussion+Paper+Series++04%2F08).+Centre+for+Research+and+Analysis+of+Migration%3A+London%2C+UK.+(2008)+++++&rft.format=application%2Fpdf&rft.identifier=https%3A%2F%2Fdiscovery-pp.ucl.ac.uk%2Fid%2Feprint%2F14242%2F1%2F14242.pdf&rft.identifier=https%3A%2F%2Fdiscovery-pp.ucl.ac.uk%2Fid%2Feprint%2F14242%2F&rft.rights=open