Remittances and the Brain Drain: Skilled Migrants Do Remit Less

It has been argued that the brain drain’s negative impact may be offset by the higher remittance levels skilled migrants send home. The main finding of this paper, however, is that remittances decrease with the share of migrants with tertiary education. Moreover, remittances seem to increase with source countries’ level and rate of migration, financial sector development and population, and decrease with these countries’ income and expected growth rate.