Meghir, Costas; Mobarak, Ahmed Mushfiq; Mommaerts, Corina; … - 2019 - Current version: July 10, 2019
Do new migration opportunities for rural households change the nature and extent of informal risk sharing? We … experimentally document that randomly offering poor rural households subsidies to migrate leads to a 40% improvement in risk sharing … in their villages. We explain this finding using a model of endogenous migration and risk sharing. When migration is …