Many refugee-receiving countries have restricted their asylum policies and stepped up their border control policies to prevent asylum seekers from reaching their territories. At the same time, the resettlement of refugees has gained popularity. Many states have introduced resettlement schemes or have increased the number of refugees they resettle. Why do states voluntarily admit refugees by expanding resettlement? This article develops a comprehensive theoretical account of countries' resettlement choices and identifies the determinants of their openness to refugee resettlement through an empirical analysis of 33 OECD countries between 1980 and 2019. We find that the supply-side factor of wealth best predicts whether a country engages in refugee resettlement. The number of effective resettlement admissions tends to fluctuate with the demand-side factor of humanitarian need. Nevertheless, the expansion of resettlement policies has not resulted in a subsequent expansion of humanitarian protection. Instead, states combine resettlement policies with restrictive border control policies which allows them to preserve their humanitarian credentials while curtailing refugees' overall access to asylum. These findings provide important insights into the policy-making of refugee resettlement and the strategic considerations in the asylum governance of liberal democracies.