Zhu, Yu; Wu, Zhongmin; Peng, Liquan; Sheng, Laiyun - 2009
We focus on the impact of migrants' remittances on consumption patterns in rural China, allowing for endogeneity of … remittances and county fixed-effects. We find that the marginal propensity to consume out of remittances is close to unity, which … remittances as permanent income and are consistent with the prevalence of circular and repeat migration which is largely caused by …