In Chinese cities, migrants with rural hukou, compared to residents with local urban hukou, face more uncertainty, have limited access to mortgage finance, and are less eligible for low-cost housing. A simple model demonstrates that for these reasons, rural- to-urban migrants are less likely to...

The book series Contributions to Economic Analysis was established under the editorship of Jan Tinbergen in 1952. Its purpose ever since has been to stimulate the international exchange of scientific information and to reinforce international cooperation by publishing original research in...