We provide new micro evidence on the relationship between financial development and welfare. Relying on the concept of local financial development, our analysis focuses on two dimensions of household welfare: investment and consumption. The results show that financial development is associated...

This study investigates the effects of rural–urban migration on economic development in Thailand. It draws upon a panel database of 2,000 rural households collected from 2008 to 2010 in three provinces from Northeast Thailand and a survey of 650 migrants in the Greater Bangkok area conducted...