The Dynamics of Return Migration, Human Capital Accumulation, and Wage Assimilation
构建动态模型，分析移民能力与地点偏好如何影响其职业发展及回迁决策，发现计划长期居留者更积极投资技能，并解释移民接受低薪工作的现象，为移民政策设计提供启示。
Abstract This article develops and estimates a dynamic model where individuals differ in ability and location preference to evaluate the mechanisms that affect the evolution of immigrants’ careers in conjunction with their re-migration plans. Our analysis highlights a novel form of selective return migration where those who plan to stay longer invest more into skill acquisition, with important implications for the assessment of immigrants’ career paths and the estimation of their earnings profiles. Our study also explains the willingness of immigrants to accept jobs at wages that seem unacceptable to natives. Finally, our model provides important insight for the design of migration policies, showing that policies that initially restrict residence or condition residence on achievement shape not only immigrants’ career profiles through their impact on human capital investment but also determine the selection of arrivals and leavers.