Cultural contingencies and economic behavior: Return migration in Portugal

Abstract

It is frequently argued that emigration and return are processes which transform the economies and cultures of communities of origin. Evidence from Portugal suggests that the links between economic development are very complex. While some general tendencies can be identified, there is also a great diversity of experiences; a structurationist approach provides a useful means to conceptualize this. The paper's empirical analysis highlights the role of myths and illusions during emigration, limited economic but deep cultural implications of return, and the way that ‘a generational time‐bomb’ may have been created for the future.

Keywords:

• emigration cycle
• investment
• consumption
• Portugal