Young and the Restless, a microeconomic analysis of the brain drain in Portugal.

Abstract

The phenomenon of brain drain is a commonly debated topic when countries experience difficult times, and in the case of Portugal, it has significant attention due to the socioeconomic implications. This study aims to analyse the brain drain in Portugal and its impact on the labor market from a microeconomic perspective. By examining the migration of skilled workers and its impact on the labor market, we can better understand how it affects the economy of this South-European country. Through empirical analysis and econometric modelling, this study seeks to understand the magnitude and dynamics of the phenomenon, as well as its impact on economic growth and innovation. The findings can be used by policymakers and stakeholders to develop new strategies to prevent skilled workers from migrating, and to address the challenges posed by brain drain. In conclusion, a strategy based on labor market supply will help the country combat what appears to be a obstacle to its economic growth and development.