@TechReport{iza:izadps:dp16662,
            	author={Bossavie, Laurent and Goerlach, Joseph-Simon and Özden, Çağlar and Wang, He},
            	title={Capital Markets, Temporary Migration and Entrepreneurship: Evidence from Bangladesh},
            	year={2023},
	month={Dec},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={16662},
            	url={https://www.iza.org/index.php/publications/dp16662},
	abstract={This paper examines international temporary migration as an intermediary step among aspiring entrepreneurs to accumulate the needed capital when they face credit constraints at home. The analysis is based on a representative dataset of lifetime employment histories of return migrants from Bangladesh. After establishing the credit constraints that potential entrepreneurs face, the paper shows that non-agricultural self-employment rates are significantly higher among returning migrants – over half versus around 20% of non-migrants. Most migrants transition into self-employment by using their savings from abroad as the main source of financing. The paper then offers, for the first time, a detailed account of the financial costs and benefits of international migration. Our findings suggest that temporary migration can contribute to structural transformation of lower-income countries by enabling credit-constrained workers to enter into non-agricultural entrepreneurship.},
	keywords={risky investment;credit constraints;temporary migration;entrepreneurship},
            }