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Temporary migration and capital market imperfections
Abstract
This paper analyses the temporary migration decision of workers who are credit constrained. As observed with data on Tunisia, migrants who invest after returning to their country have accumulated more savings and stayed longer abroad than salaried return migrants. To capture these features, we analyse the optimal migration duration and occupational choice of workers using a life-cycle maximisation model. An econometric test enables us to evaluate the extend to which liquidity constraints affect self-employment of returned migrants. The model predicts unexpected effects of policy measures on migration behaviour. In particular, migrants who receive funds to invest after return do not necessarily return earlier.
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Citations
Cited by
Yang, D. (2008) · The Economic Journal · doi:10.1111/j.1468-0297.2008.02134.x · Cited by 1,307
Globalization, Brain Drain, and Development
Docquier, F., & Rapoport, H. (2012) · Journal of Economic Literature · doi:10.1257/jel.50.3.681 · Cited by 1,083
Migration networks and microenterprises in Mexico
Woodruff, C., & Zenteno, R. (2007) · Journal of Development Economics · doi:10.1016/j.jdeveco.2006.03.006 · Cited by 894
Chapter 17 The Economics of Migrants' Remittances
Rapoport, H., & Docquier, F. (2006) · Handbook of the Economics of Giving, Altruism and Reciprocity · doi:10.1016/s1574-0714(06)02017-3 · Cited by 675
The Economics of Temporary Migrations
Dustmann, C., & Görlach, J.-S. (2016) · Journal of Economic Literature · doi:10.1257/jel.54.1.98 · Cited by 339
Metadata
- Authors
- Mesnard, A.
- Venue
- Oxford Economic Papers
- Publisher
- Oxford University Press (OUP)
- Published
- 2004-04-01
- Volume
- 56
- Issue
- 2
- Pages
- 242-262
- ISSN
- 0030-7653 (ISSN-L)
- 1464-3812
- OpenAlex
- W2051640282
- Cited by
- 495
- References
- 0
- FWCI
- 45.59
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
