Global Talent Flows

an article by Sari Pekkala Kerr (Wellesley College, Massachusetts, USA), William Kerr (Harvard Business School, Boston, Massachusetts and National Bureau of Economic Research, Cambridge, Massachusetts), Çağlar Özden (World Bank Development Research Group, Washington, DC) and Christopher Parsons (University of Western Australia, Perth, Australia and International Migration Institute, University of Oxford, UK) published in Journal of Economic Perspectives Volume 30 Number 4 (Fall 2016)

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.

JEL Classification: F22, J15, J22, J24, J61, O33

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