Kohler, Wilhelm; Müller, Gernot J.; Wellmann, Susanne - 2021
quantify risk sharing can be extended to account for migration as an additional channel of cross-country risk sharing. In … theory, migration should play a key role when it comes to insulating per capita consumption from aggregate fluctuations, and … these results, we also present survey evidence which shows that migration rates are about 20 times higher in the US. Lastly …