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option to save. -- Human capital formation ; Savings ; Intertemporal choice ; Prospect of migrating …
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the higher purchasing power of savings (generated from work abroad) at home than abroad as a motive for return migration …. -- return migration ; migrants' savings ; purchasing power differentials …
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option to save. -- Human capital formation ; Savings ; Intertemporal choice ; Prospect of migrating …
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In the model of Stark et al. (1997, 1998), the possibility of employment in a developed country raises the level of human capital acquired by workers in the developing country. We show that this result holds even when workers have the option to save
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We develop a formula for the optimal size of a joint savings association between individuals who share the same … Rotating Savings and Credit Association (ROSCA). We measure the efficiency of a ROSCA by the expected waiting time that it …
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