terms of both consumption and leisure time. Drawing on household panel data in rural Mexico, I find that migration increases … non-migrants' consumption, but that this consumption gain cannot be explained by labor supply adjustments. Migration …

We adopt a structural approach to studying the effects of public transfers on consumption smoothing, risk sharing and … preferences can reasonably well explain consumption dynamics and cross-sectional distributions. The calibrated model correctly … predicts the increase in consumption smoothing of transfers’ recipients, and the decrease in risk sharing between beneficiaries …