Journal of Economic Perspectives
ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)
Global Talent Flows
Journal of Economic Perspectives
vol. 30,
no. 4, Fall 2016
(pp. 83–106)
(Complimentary)
Abstract
Highly skilled workers play a central and starring role in today's knowledge economy. Talented individuals make exceptional direct contributions--including breakthrough innovations and scientific discoveries--and coordinate and guide the actions of many others, propelling the knowledge frontier and spurring economic growth. In this process, the mobility of skilled workers becomes critical to enhancing productivity. Substantial attention has been paid to understanding the worldwide distribution of talent and how global migration flows further tilt the deck. Using newly available data, we first review the landscape of global talent mobility. We next consider the determinants of global talent flows at the individual and firm levels and sketch some important implications. Third, we review the national gatekeepers for skilled migration and broad differences in approaches used to select migrants for admission. Looking forward, the capacity of people, firms, and countries to successfully navigate this tangled web of global talent will be critical to their success.Citation
Kerr, Sari Pekkala, William Kerr, Çağlar Özden, and Christopher Parsons. 2016. "Global Talent Flows." Journal of Economic Perspectives, 30 (4): 83–106. DOI: 10.1257/jep.30.4.83Additional Materials
JEL Classification
- F22 International Migration
- J15 Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination
- J22 Time Allocation and Labor Supply
- J24 Human Capital; Skills; Occupational Choice; Labor Productivity
- J61 Geographic Labor Mobility; Immigrant Workers
- O33 Technological Change: Choices and Consequences; Diffusion Processes
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