Networks and Misallocation
Insurance, Migration, and the Rural-Urban Wage Gap
Datos Bibliográficos
| ID | 23328487 |
|---|---|
| Autores | Kaivan Munshi (University of Cambridge), Mark R Rosenzweig (0000-0002-6323-1418, Yale University), Mark Rosenzweig (Yale University) |
| Año | 2016 |
| Volumen | 106 |
| Número | 1 |
| Páginas | 46-98 |
| Fecha de publicación | 2016-01-01 |
| Peer Reviewed | Sí |
| Open Access | No |
| Tipo | ARTICLE |
| Revista | American Economic Review (JOURNAL) |
| Identificadores de la revista | ISSN: 0002-8282 • E-ISSN: 1944-7981 |
| Editorial | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/aer.20131365 |
| OpenAlex | W853620354 |
| Idioma | EN |
| Citas recibidas | 145 |
| Referencias citadas | 44 |
We provide an explanation for the large spatial wage disparities and low male migration in India based on the trade-off between consumption smoothing, provided by caste-based rural insurance networks, and the income gains from migration. Our theory generates two key empirically verified predictions: (i) males in relatively wealthy households within a caste who benefit less from the redistributive (surplus-maximizing) network will be more likely to migrate, and (ii) males in households facing greater rural income risk (who benefit more from the insurance network) migrate less. Structural estimates show that small improvements in formal insurance decrease the spatial misallocation of labor by substantially increasing migration. (JEL G22, J31, J61, O15, O18, R23, Z13)
Caste · Consumption (sociology) · Consumption smoothing · Demographic economics · Economic growth · Economics · Labour economics · Social insurance · Unemployment · Wage · Agricultural risk and resilience · Insurance and Financial Risk Management · Microfinance and Financial Inclusion
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| Obras citantes distintas | 145 |
|---|---|
| Citas por año | 12,08 |
| Intervalo de citas | 2014 - 2026 (13) |
| Velocidad de citación | current |
| Altamente citado | Sí |
| Tipos de cita | Neutras: 139 |