Publication:
Temporary Migration for Long-term Investment

dc.contributor.authorBossavie, Laurent
dc.contributor.authorGorlach, Joseph-Simon
dc.contributor.authorOzden, Caglar
dc.contributor.authorWang, He
dc.date.accessioned2021-07-29T13:05:10Z
dc.date.available2021-07-29T13:05:10Z
dc.date.issued2021-07
dc.description.abstractIn the presence of credit constraints, temporary migration abroad provides an effective strategy for workers to accumulate savings to finance self-employment when they return home. This paper provides direct evidence of this link and its effects on workers’ employment trajectories by using a new, large-scale survey of temporary migrants from Bangladesh. It constructs and estimates a dynamic model that establishes connections between asset accumulation and credit constraints, and, thus, between workers’ migration and self-employment decisions. Interlinked impacts also emerge from simulations of three key policy interventions that target migration costs or domestic credit constraints for entrepreneurship. Lowering migration costs increases emigration, reduces the age at which workers depart, and reduces the duration of their time abroad, which together lead to higher savings and domestic self-employment. Reducing the interest rate for entrepreneurial loans reduces migration and savings levels, undercutting the positive effects on business creation at home. Correcting workers’ inflated perceptions about overseas earnings potential reduces emigration rates and durations, triggering a decrease of both repatriated savings and self-employment in Bangladesh. The findings, which have implications for migrant-sending countries, highlight the need for policies to take into account the linkages between migration and self-employment decisions.en
dc.identifierhttp://documents.worldbank.org/curated/en/504291627493488985/Temporary-Migration-for-Long-term-Investment
dc.identifier.urihttps://hdl.handle.net/10986/36040
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9740
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectMIGRANT LABOR
dc.subjectENTREPRENEURSHIP
dc.subjectCREDIT CONSTRAINT
dc.subjectACCESS TO FINANCE
dc.subjectMIGRATION COSTS
dc.subjectTEMPORARY MIGRATION
dc.titleTemporary Migration for Long-term Investmenten
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.date.disclosure2021-07-28
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/504291627493488985/Temporary-Migration-for-Long-term-Investment
okr.guid504291627493488985
okr.identifier.doi10.1596/1813-9450-9740
okr.identifier.externaldocumentum090224b088842e2b_2_0
okr.identifier.internaldocumentum33301915
okr.identifier.reportWPS9740
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/504291627493488985/pdf/Temporary-Migration-for-Long-term-Investment.pdfen
okr.region.administrativeSouth Asia
okr.region.countryBangladesh
okr.topicPoverty Reduction::Migration and Development
okr.topicSocial Protections and Labor::Employment and Unemployment
okr.topicSocial Protections and Labor::Labor Markets
okr.unitSocial Protection and Jobs Global Practice; and Development Research Group, Development Economics
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relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
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