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

Author

Listed:
  • Ejermo, Olof
  • Enflo, Kerstin
  • Eriksson, Björn
  • Prawitz, Erik

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.

Suggested Citation

  • Ejermo, Olof & Enflo, Kerstin & Eriksson, Björn & Prawitz, Erik, 2022. "Home, Sweet Home: Returns to Returning in the Age of Mass Migration," CEPR Discussion Papers 17668, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:17668
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    JEL classification:

    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion

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