There are two seemingly competing branches of the literature on saving and duration-of-stay decisions of temporary migrants. One relies on the target-saving explanation and the other on utility maximization over a life cycle. We attempt to reconcile the two approaches within a framework where a...

Savings of guest workers as well as of undocumented migrants represent important inflows of foreign exchange for some developing countries. This paper compares the saving behavior of these two types of migrants, assuming that the former are authorized to work abroad for a specific period of...

Numerous studies suggest that illegal immigration in the form of bonded labor is becoming an increasingly important phenomenon. This paper develops a model of optimizing behavior of undocumented immigrants who are employed in the host country as bonded laborers while repaying their debts to...