Year of Graduation
Source Country Characteristics and their Influence on the Return Migration
Double degree programme in Economics of the NRU HSE and the University of London
International migration plays one of the most important roles in the development of the world economy. By 2017, the number of migrants in the world has already exceeded 258 million people, which actually means that almost every 29 inhabitants of the planet are included in the international migration flow (United Nations, 2018). In the framework of the present paper, we have attempted to fill the gap in some theoretical aspects of international and return migration, in particular, restored the hierarchy of theories and offered their vision for the definition of the concept of return migration. With the help of econometric tools, 3 models were developed - 1 general and 2 models, separating poor and nonpoor countries. We have seen that richer countries attract more of their compatriots. However, this turned out to be more true for the category of non-poor countries. Return migrants of the same group of countries are least interested in the equality of potential incomes. While poor countries attract migrants back to their homeland due to the extremely low purchasing power of their own currency, when migrants earn in a rich country, and then can afford more at home. The results of this study make it possible to better understand the processes of return migration and to identify the causes that govern them.