Home, Sweet Home: Returns to Returning in the Age of Mass Migration

Olof Ejermo, Kerstin Enflo, Eriksson, Björn and Erik Prawitz

No 17668, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Studying migrants from Sweden to the United States, we provide new evidence on return migration during the Age of Mass Migration. Focusing on a sample of migrants and stayers observed in childhood, we document limited effects on income and occupational upgrading, but large effects on wealth. Male returnees held about twice as much wealth as stayers and about 40 percent more than staying brothers. These effects were likely driven by accumulated savings overseas, rather than inheritance or an income premium back home. For female returnees, wealth effects are of similar magnitude, but appear to be realized primarily through marriage.

JEL-codes: F22 J24 J62 N13 O15 (search for similar items in EconPapers)
Date: 2022-11
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Working Paper: Home, Sweet Home: Returns to Returning in the Age of Mass Migration (2022)
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