The notion that investment in human capital is associated with better economic outcomes was coined in the U.S. and is assumed to translate equally across nations regardless of countries' socio-economic and political situation. The purpose of this study is to examine whether human capital tenets hold in European countries that transitioned from…

Brain drain has been a long-lasting phenomenon. It existed in the former Yugoslavia, and was affected by various factors, from political through economic ones to the attractive offers for advanced studies and work in scientific institutions or firms in developed countries. Some ad-hoc analyses were made concerning individual groups or periods, but…