title: Return migration, uncertainty and precautionary savings.
abstract: "This paper presents a life-cycle model where migrants determine re-migration and consumption simultaneously in a stochastic environment. Whether precautionary savings of migrants are above or below those of natives is ambiguous in general--the sign depends on the risk in host- and home-country labor markets and on the correlation of labor market shocks. Furthermore, the effect of an uncertain environment on migration and re-migration plans cannot be unambiguously signed for the general case. It depends on the size of the wage differential as well as the relative risk the migrant exhibits in the two labor markets."
authors.forename: C
authors.initials: C
authors.lastname: Dustmann
mesh_terms: D003710:Demography; D004467:Economics; D004641:Emigration and Immigration; D007182:Income; D018803:Models, Economic; D008962:Models, Theoretical; D011153:Population; D011157:Population Dynamics; D012106:Research; D012456:Salaries and Fringe Benefits; D014171:Transients and Migrants
keywords: Demographic Factors; Economic Factors; Economic Model; Labor Migration; Macroeconomic Factors; Migration; Models, Theoretical; Population; Population Dynamics; Research Methodology; Return Migration; Savings; Wages; World