Allowing migration activity as an integral part of demographic transition and economic development, we establish a locational quantity-quality trade-off of children and explore its macroeconomic consequences. We construct a dynamic competitive migration equilibrium framework with rural agents...

In 2014, the Chinese government issued the “Guiding Opinions on Further Deepening the Reform of the Household Registration System”. The urban hukou system in megacities, with urban populations above 5 million, remained under strict control. The restrictions on urban hukou in medium-sized...

Rural-to-urban migration in China has transformed the lives of millions of rural residents. This paper reviews empirical evidence on the impacts of migration on the welfare of individuals and households in rural communities. After first discussing the evolution of institutions that have shaped...