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dc.contributor.authorMunshi, K.en
dc.contributor.authorRosenzweig, M.en
dc.date.accessioned2016-04-22T15:01:42Z
dc.date.available2016-04-22T15:01:42Z
dc.date.issued2015-10-05en
dc.identifier.otherCWPE1562
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/255302
dc.description.abstractWe provide an explanation for the large spatial wage disparities and low male migration in India based on the trade-off between consumption-smoothing, provided bycaste-based rural insurance networks, and the income-gains from migration. Our theory generates two key empirically-verified predictions: (i) males in relatively wealthy households within a caste who benefit less from the redistributive (surplus-maximizing)network will be more likely to migrate, and (ii) males in households facing greater rural income-risk (who benefit more from the insurance network) migrate less. Structural estimates show that small improvements in formal insurance decrease the spatial misallocation of labor by substantially increasing migration.en
dc.publisherFaculty of Economics
dc.relation.ispartofseriesCambridge Working Papers in Economics
dc.rightsAll Rights Reserveden
dc.rights.urihttps://www.rioxx.net/licenses/all-rights-reserved/en
dc.titleNetworks and Misallocation: Insurance, Migration, and the Rural-Urban Wage Gapen
dc.typeWorking Paperen
dc.identifier.doi10.17863/CAM.5782


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