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Migration and Informal Insurance: Evidence from a Randomized Controlled Trial and a Structural Model / Costas Meghir, Ahmed Mushfiq Mobarak, Corina D. Mommaerts, Melanie Morten.
- Format:
- Book
- Author/Creator:
- Meghir, Costas.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w26082.
- NBER working paper series no. w26082
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2019.
- Summary:
- We document that an experimental intervention offering transport subsidies for poor rural households to migrate seasonally in Bangladesh improved risk sharing. A theoretical model of endogenous migration and risk sharing shows that the effect of subsidizing migration depends on the underlying economic environment. If migration is risky, a temporary subsidy can induce an improvement in risk sharing and enable profitable migration. We estimate the model and find that the migration experiment increased welfare by 12.9%. Counterfactual analysis suggests that a permanent, rather than temporary, decline in migration costs in the same environment would result in a reduction in risk sharing.
- Notes:
- Print version record
- July 2019.
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