International migration, human capital formation, and saving

► The prospect of migrating to a developed country induces acquisition of human capital. ► With saving, will the prospect of migrating have the same effect on the acquisition of human capital? ► The option of saving does not negate the positive impact of the chance to work abroad on the formation of human capital. ► If, when migration is possible, individuals save, then the investment in human capital is greater than when migration is not possible. ► The magnitude of the effect of the prospect of migrating on human capital formation can even be greater when saving is an option than when it is not.