Savings, Asset Holdings, and Temporary Migration

Christian Dustmann and Josep Mestres ()
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Josep Mestres: OECD

No 5498, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This paper analyzes savings and asset holdings of immigrants in relation to their return plans. We argue that savings and asset accumulation may be affected by return plans of immigrants. Further, the way savings and assets are held in the home- and host country may also be related to future return plans. Thus, comparing savings and assets between immigrants and natives may lead to serious underestimation when neglecting the home country component. We show that immigrants with temporary return plans place a higher proportion of their savings in the home country. In addition, both the magnitude and the share of assets and housing value accumulated in the home country are larger for immigrants who consider their migration as temporary, and lower the value of assets and property held in the host country. Finally, and conditional on observable characteristics, we find no evidence that immigrants with temporary migration plans save more than immigrants with permanent migration plans.

Keywords: international migration; wealth accumulation; housing demand (search for similar items in EconPapers)
JEL-codes: D31 F22 R21 (search for similar items in EconPapers)
Pages: 98 pages
Date: 2011-02
New Economics Papers: this item is included in nep-mig
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Savings, Asset Holdings, and Temporary Migration (2010)
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