Научный семинар МИЭФ, Murat Kirdar (Bogazici University)
Докладчик: Murat Kirdar (Bogazici University)
Тема доклада: "Exchange Rate Shocks and Immigrants’ Saving Behavior" совместно с Alpaslan Aslan, Slobodan Djajic и Alexandra Vinogradova
Тезисы доклада: This study examines how immigrants’ saving behavior responds to changes in the real exchange rate between the source and host countries. For this purpose, we first build a theoretical model of joint return migration and saving decisions of a temporary migrant, and then test the implications of this model using data from the German Socioeconomic Panel on immigrants from 103 different source countries. In accordance with the implications of the model, the empirical results show that immigrants’ savings increase in the real exchange rate and that the effect of the exchange rate on savings becomes stronger as years since migration increases.