Conference Agenda

Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).

 
 
Session Overview
Session
FRI 1-1: Value of Skills
Time:
Friday, 05/Dec/2025:
2:00pm - 2:55pm


Show help for 'Increase or decrease the abstract text size'
Presentations

Global Minds, Local Gains: A Tale of US-China AI Talent Migration

Hanming Fang1, Xian Gu2, Hanyin Yan3, Wu Zhu3

1Department of Economics, University of Pennsylvania; 2Department of Finance, Durham University; 3School of Economics and Management, Tsinghua University

We fine-tune a suite of Large Language Models (LLMs) to identify AI patents with high out-of-sample precision and recall and study AI inventor migration between the US and China. We document a sharp increase in both volume and quality of the US-to-China migration, particularly after the onset of US–China trade tensions in 2018. These migrants significantly increase their patent output and exploratory innovation, with the largest gains observed among those joining research institutions, having greater experience, and a consistent research focus. In contrast, China-to-US migrants show declined patenting activity but gains in originality. Post-migration, immigrants significantly expand their collaborator networks. AI inventor migration generates significant and persistent local spillovers through multiple layers of collaborators, benefiting both countries. These findings highlight China’s growing attractiveness to top-tier AI talent and suggest that recent US policy changes may have accelerated the global reallocation of innovation activity.