Youth mobility and the development of human capital: is there a Southern European model?

Recent Southern European migration is characterised by important flows of higher-skilled young persons. The balance between the risk of a new brain drain and brain waste and the opportunity of brain gain depends on how the young migrants integrate into the labour market of destination, the new abilities they acquire and the possibilities of re-integrating into the labour market of origin, in case of return migration. In this paper we discuss the contribution of international youth mobility to the development of human capital. We focus on the individual gain in origin countries/regions generated by circulation and return and concentrate on total human capital. Our results – based on 120 indepth interviews conducted in Italy and Spain, in both core (Rome and Madrid) and peripheral (Apennines and Andalusia) areas, with young students and lower- and higher-skilled workers – show that both Italians and Spaniards have acquired soft skills and these informal and tacit competences are considered to be as important as formal and explicit ones. For young Italians, brain circulation predominates and the human capital gained during migration results in better employability and earnings; for young Spaniards, circulation and return are more difficult in spite of their enriched human capital.