[en] In this paper, we revisit the impact of skilled emigration on human capital accumulation using new panel data covering 147
12 countries during the period 1975–2000. We derive testable predictions from a stylized theoretical model and test them in dynamic regres-
13 sion models. Our empirical analysis predicts conditional convergence of human capital indicators. Our findings also reveal that skilled
14 migration prospects foster human capital accumulation in low-income countries. In these countries, a net brain gain can be obtained if
15 the skilled emigration rate is not too large (i.e., it does not exceed 20–30% depending on other country characteristics). In contrast, we
16 find no evidence of a significant incentive mechanism in middle-income, and not surprisingly, high-income countries.