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Refugee Return

A new EBRD Working Paper (number 313)

March, 2026

By Joop Adema, Cevat Giray Aksoy, Yvonne Giesing, and Panu Poutvaara

Despite rising refugee numbers worldwide, refugees’ return decisions remain poorly understood. Prior work examines either intentions or realized return, but not both. We fielded a ten-wave panel of Ukrainian refugees, linking prewar home municipalities to geocoded conflict and territorial control data and eliciting war expectations. Intentions strongly predict behavior: by 2025, 42% of those planning to return soon in 2022 had returned, versus 1% of those planning to settle abroad. Increasing conflict in the home municipality reduces return there but barely affects return to Ukraine overall. More pessimistic war expectations explain 21% of the decline in return intentions.

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The Working Paper series seeks to stimulate debate on transition in the EBRD regions.

Media enquiries

For media enquiries related to this working paper, please contact Ksenia Yakustidi, Media Adviser at the EBRD’s Office of the Chief Economist

Email:

YakustiK@ebrd.com