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Efficiency gains
________ from migration- The same number of workers- rearranged among countries- produces greater total output and income after migration than before migration.
Economic immigrants
International migrants motivated by economic gain
Legal immigrants
Immigrants who are allowed to live + work in US
H1-B provision
Allows high-skilled workers to enter + work in the US for 6 years
Illegal immigrants
Immigrants who arrive illegally or enter legally on temporary visas + don’t leave
Human capital
Stock of knowledge, know-how, and skills that enables a person to be productive + earn income
Beaten paths
Routes taken previously by family, relatives, friends
Backflows
Return migration to home country
Skill transferability
Skills that are transferable between employers in different countries
Economic immigrants
International migrants motivated by economic gain
Legal immigrants
Immigrants who are allowed to live + work in US
H1-B provision
Allows high-skilled workers to enter + work in the US for 6 years
Illegal immigrants
Immigrants who arrive illegally or enter legally on temporary visas + dont leave
Human capital
Stock of knowledge, know-how, and skills that enables a person to be productive + earn income
Beaten paths
Routes taken previously by family, relatives, friends
Backflows
Return migration to home country
Skill transferability
Skills that are transferable between employers in different countries
Self-selection
Because some migrants choose to move while others with similar skills do not, it is possible that those who move possess greater motivation for personal economic gain and greater willingness to sacrifice current consumption for higher levels of later consumption
Efficiency gains from migration
The same number of workers-rearranged among countries-produces greater total output and income after migration than before migration
Brain drain
Emigration of highly educated workers
Remittances
Money transfer to home country
Negative self-selection
Movers are less capable and perhaps less motivated than similarly educated people who have jobs and stay in the origin nation
Compensating wage differential
Wage premium to compensate for undesirable work
Self-selection
Because some migrants choose to move while others with similar skills do not, it is possible that those who move possess greater motivation for personal economic gain and greater willingness to sacrifice current consumption for higher levels of later consumption. If so, these migrants may overcome the problem of imperfect skill transferability and eventually outdo domestic-born workers in wage and salary advancement
Efficiency gains from migration
The same number of workers—rearranged among countries—produces greater total output and income after migration than before migration
Brain drain
Emigration of highly educated workers
Remittances
Money transfer to home country
Negative self-selection
Movers are less capable and perhaps less motivated than similarly educated people who have jobs and stay in the origin nation
Compensating wage differential
Wage premium to compensate for undesirable work
Note 
Flashcard (59)