Brain drain (also used in German)

A term that emerged around 1950 and was used as a counterpart to capital flight to describe the emigration of highly educated individuals to other countries (a human capital flight of trained and talented individuals due to lack of job opportunity or several forms of discrimination in the country where they are living). Such emigration sooner or later also affects the financial system, especially since the macroeconomic costs of educating the emigrants were in vain, and fertile young taxpayers are lost (investment in higher education is lost; also whatever social capital the individual has been a part of is reduced by their departure). At the same time, this increases the average age of the population and thus the pension burden. – The consequences of the emigration of young educated people in crisis countries such as Portugal are devastating. There, in 2011 alone, more than 15,000 people from the highest-performing cohorts left home, most of them going to Brazil, England and Angola. – See old-age dependency ratio, foreign investment, demographically induced, demographic hardening, research rate, patent grants, aging.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
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