The Welfare Effects of Encouraging Rural-Urban Migration

被引：29
|
作者：
Lagakos, David [1 ,2 ]
Mobarak, Ahmed Mushfiq [2 ,3 ]
Waugh, Michael E. [2 ,4 ]
机构：
[1] Boston Univ, Dept Econ, Boston, MA 02215 USA
[2] NBER, Cambridge, MA 02138 USA
[3] Yale Univ, Sch Management, New Haven, CT USA
[4] Fed Reserve Bank Minneapolis, Minneapolis, MN USA
来源：
ECONOMETRICA | 2023年 / 91卷 / 03期
关键词：
Rural-urban migration; migration subsidies; spatial misallocation; AGGREGATE PRODUCTIVITY; FINANCIAL FRICTIONS; INCOME; INSURANCE; MISALLOCATION; SELECTION; DYNAMICS; IMPACT; CHINA; MODEL;
D O I：
10.3982/ECTA15962
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper studies the welfare effects of encouraging rural-urban migration in the developing world. To do so, we build and analyze a dynamic general-equilibrium model of migration that features a rich set of migration motives. We estimate the model to replicate the results of a field experiment that subsidized seasonal migration in rural Bangladesh, leading to significant increases in migration and consumption. We show that the welfare gains from migration subsidies come from providing better insurance for vulnerable rural households rather than from correcting spatial misallocation by relaxing credit constraints for those with high productivity in urban areas that are stuck in rural areas.
引用
收藏
页码：803 / 837
页数：35
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