Global Migration of Talent and Tax Incentives: Evidence from Malaysia's Returning Expert Program Del Carpio, Ximena V. Ozden, Caglar Testaverde, Mauro Wagner, Mathis 2016-12-05T22:42:21Z 2016-12-05T22:42:21Z 2016-11
dc.description.abstract This paper presents the first evidence on the efficacy of a major program designed to encourage the return migration of high-skilled individuals. The Malaysian Returning Expert Program targets high-skilled Malaysians abroad and provides them with tax incentives to return. At several eligibility thresholds, the probability of acceptance into the program increases discontinuously. Using administrative data on applicants, the analysis is able to identify the impact of acceptance to the Returning Expert Program on the probability of returning to Malaysia. The fuzzy regression discontinuity design estimates suggest that program approval increases the return probability by 40 percent for applicants with a preexisting job offer in Malaysia. There is no significant treatment effect for those who apply without a job offer. The estimated migration elasticity with respect to the net-of-tax rate, averaged across all applicants, is 1.2. Fiscal cost-benefit analysis of the Returning Expert Program finds a modest net fiscal effect of the program, between minus $6,900 and plus $4,200 per applicant, suggesting that the program roughly pays for itself. en
dc.language English
dc.language.iso en_US
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Policy Research Working Paper;No. 7875
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.subject brain drain
dc.subject migration
dc.subject migration policy
dc.subject tax incentives
dc.subject brain circulation
dc.subject return migration
dc.subject skilled workers
dc.subject expert migration
dc.title Global Migration of Talent and Tax Incentives en
dc.title.subtitle Evidence from Malaysia's Returning Expert Program en
dc.type Working Paper en
dc.type Document de travail fr
dc.type Documento de trabajo es
dspace.entity.type Publication
okr.crossref.title Global Migration of Talent and Tax Incentives: Evidence from Malaysia's Returning Expert Program 2016-11-01
okr.doctype Publications & Research
okr.doctype Publications & Research :: Policy Research Working Paper
okr.identifier.doi 10.1596/1813-9450-7875
okr.identifier.externaldocumentum 090224b08469bb93_1_0
okr.identifier.internaldocumentum 26904977 WPS7875
okr.imported true
okr.language.supported en
okr.pdfurl en
okr.region.administrative East Asia and Pacific Malaysia
okr.statistics.combined 3487
okr.statistics.dr 881411478027078856
okr.statistics.drstats 2873
okr.topic International Economics and Trade :: International Migration
okr.topic Macroeconomics and Economic Growth :: Taxation & Subsidies
okr.topic Private Sector Development :: Legal Regulation and Business Environment
okr.topic Social Protections and Labor :: Labor Markets
okr.topic Social Protections and Labor :: Labor Policies
okr.unit Trade and International Integration Team, Development Research Group
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relation.isAuthorOfPublication 3e463276-f18e-583e-b24b-62cb59e6ed6b
relation.isSeriesOfPublication 26e071dc-b0bf-409c-b982-df2970295c87
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