This paper investigates the effects of prospective migration on students’ investment in tertiary education. A simple theoretical model is presented in which individual educational choices, different across potential students because of heterogeneity in migration costs, are driven by expected returns and costs of tertiary education. In this framework, a larger probability of after‐graduation migration is shown to affect educational choices by both reducing the rate of enrollment at home and favoring pre‐graduation migration (i.e., enrollment at universities outside the residence region). The theoretical predictions are confirmed by the empirical investigation carried out on Italian interregional graduate migration in 2001–2016. In the lagging regions of Southern Italy, out‐migration of students and graduates, and weak incentives to acquire tertiary education turn out to bring about depletion of local human capital.

中文翻译：

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技术移民会减少人力资本投资吗？意大利地区的教育选择调查（2001-2016年）

本文研究了预期移民对学生在高等教育中投资的影响。提出了一个简单的理论模型，其中，由于移民成本的异质性，潜在学生之间的个人教育选择受到期望回报和高等教育成本的驱动。在这种框架下，通过降低在家中的入学率并支持毕业前的迁移（即居住地区以外的大学的入学率），显示出更高的毕业后迁移可能性会影响教育选择。理论上的预测得到了2001-2016年意大利区域间毕业生迁移的实证研究的证实。在意大利南部落后的地区，学生和毕业生的外迁，