Does talent migration increase inequality? A quantitative assessment in football labour market

Vasilakis, Chrysovalantis
(2017) Journal of Economic Dynamics and Control — Vol. 85, p. 150-166 (2017)

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  • Vasilakis, ChrysovalantisUCLouvain
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Abstract
I analyze the links between talent migration and cross-country inequality by exploiting the 1995 elimination of mobility restrictions on the European football labor market. I develop a simple model and employ an empirical dataset to estimate its parameters. Through simulation analysis, I compare actual data with a counterfactual no-mobility restriction trajectory, and conclude that the elimination of mobility barriers increases not only cross-country inequality by 25%, but also global output in the football economy by stimulating the production of new talent in Africa, Latin and Central America.
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Vasilakis, C. (2017). Does talent migration increase inequality? A quantitative assessment in football labour market. Journal of Economic Dynamics and Control, 85, 150-166. https://doi.org/10.1016/j.jedc.2017.10.003 (Original work published 2017)