Resumen de Highly Skilled International Migration, STEM Workers, and Innovation
Anelí María Bongers Chicano, María del Carmen Díaz Roldán, José Luis Torres Chacón
This paper studies the implications of highly skilled labor international migration in a two-country Dynamic Stochastic General Equilibrium model. The model considers three types of workers: STEM workers, non-STEM college educated workers, and non-college educated workers. Only high skilled workers can move internationally from the relative low productivity (sending) country to the high productivity (host) country. Aggregate productivity in each economy is a function of innovations, which can be produced only by STEM workers. The model predicts i) the existence of a wage premium of STEM workers relative to non-STEM college educated workers, ii) this wage premium is higher in the destination country and increases with positive technological shocks, iii) a reduction in migration costs increases output, wages and total labor in the destination country, with opposite e⁄ects in the country of origin, and iv) high skilled immigrants reduce skilled native labor and do not a⁄ect unskilled labor
