TY  - RPRT
        AU  - Tosun, Mehmet S.
        TI  - Demographic Divide and Labor Migration in the Euro-Mediterranean Region
        PY  - 2011/Dec/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 6188
        UR  - https://www.iza.org/publications/dp6188
        AB  - This paper provides a demographic outlook of the Euro-Mediterranean region and then shows the economic and fiscal consequences of such demographic differences within a two-region model with international labor mobility. International labor mobility is also examined through an externalities framework where brain drain from migration could be taxed by the home countries. Taxing the brain drain has a substantial limiting effect on labor migration and a small negative effect on per worker growth. On the other hand, it could be a solution to the negative externality problem associated with brain drain. It is also found that such tax can raise substantial tax revenue for the SMCs which could be used to enhance human capital in the region.
        KW  - demographic divide
KW  - demographic deficit
KW  - population aging
KW  - youth bulge
KW  - labor mobility
KW  - brain drain
KW  - overlapping generations
KW  - endogenous tax policy
KW  - Mediterranean region
        ER  -