| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w22159
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| 来源ID | Working Paper 22159
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| Temporary Migration and Endogenous Risk Sharing in Village India |
| Melanie Morten
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| 发表日期 | 2016-04-11
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| 出版年 | 2016
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| 语种 | 英语
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| 摘要 | When people can self-insure via migration, they may have less need for informal risk sharing. At the same time, informal insurance may reduce the need to migrate. To understand the joint determination of migration and risk sharing I study a dynamic model of risk sharing with limited commitment frictions and endogenous temporary migration. First, I characterize the model. I demonstrate theoretically how migration may decrease risk sharing. I decompose the welfare effect of migration into the change in income and the change in the endogenous structure of insurance. I then show how risk sharing alters the returns to migration. Second, I structurally estimate the model using the new (2001-2004) ICRISAT panel from rural India. The estimation yields: (1) improving access to risk sharing reduces migration by 21 percentage points; (2) reducing the cost of migration reduces risk sharing by 8 percentage points; (3) contrasting endogenous to exogenous risk sharing, the consumption-equivalent gain from reducing migration costs is 18.9 percentage points lower. Third, I introduce a rural employment scheme. The policy reduces migration and decreases risk sharing. The welfare gain of the policy is 55-70% lower after household risk sharing and migration responses are considered |
| 主题 | Microeconomics
; Households and Firms
; General Equilibrium
; Behavioral Economics
; Development and Growth
; Development
; Regional and Urban Economics
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| URL | https://www.nber.org/papers/w22159
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/579833
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推荐引用方式
GB/T 7714 |
Melanie Morten. Temporary Migration and Endogenous Risk Sharing in Village India. 2016.
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文件名：
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w22159.pdf
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格式：
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Adobe PDF
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