The Dynamics of Return Migration, Human Capital Accumulation, and Wage Assimilation

• 成果类型: Article
• 署名作者: Adda, Jerome; Dustmann, Christian; Gorlach, Joseph-Simon
• 署名单位: Bocconi University; Bocconi University; University of London; University College London; University of London; University College London
• 刊物名称: REVIEW OF ECONOMIC STUDIES
• ISSN/ISSBN: 0034-6527
• DOI: 10.1093/restud/rdac003
• 发表日期: 2022
• 页码: 2841-2871
• 关键词: earnings assimilation; life-cycle; empirical-evidence; social-security; immigrants; IMPACT; GROWTH; COMPENSATION; unemployment; outmigration

摘要

This article develops and estimates a dynamic model where individuals differ in ability and location preference to evaluate the mechanisms that affect the evolution of immigrants' careers in conjunction with their re-migration plans. Our analysis highlights a novel form of selective return migration where those who plan to stay longer invest more into skill acquisition, with important implications for the assessment of immigrants' career paths and the estimation of their earnings profiles. Our study also explains the willingness of immigrants to accept jobs at wages that seem unacceptable to natives. Finally, our model provides important insight for the design of migration policies, showing that policies that initially restrict residence or condition residence on achievement shape not only immigrants' career profiles through their impact on human capital investment but also determine the selection of arrivals and leavers.