; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "The Welfare Effects of Encouraging Rural-Urban Migration"; ; "kate.s.hansel@mpls.frb.org"; "Federal Reserve Bank of Minneapolis"; "Field experiment", "Insurance", "Rural-urban migration", "Spatial misallocation", "Rural-urban gaps", "Risk"; "R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics", "O11 - Macroeconomic Analyses of Economic Development", "O15 - Economic Development: Human Resources; Human Development; Income Distribution; Migration", "J61 - Geographic Labor Mobility; Immigrant Workers"; "This paper studies the welfare effects of encouraging rural-urban migration in the developing world. To do so, we build and analyze a dynamic general-equilibrium model of migration that features a rich set of migration motives. We estimate the model to replicate the results of a field experiment that subsidized seasonal migration in rural Bangladesh, leading to significant increases in migration and consumption. We show that the welfare gains from migration subsidies come from providing better insurance for vulnerable rural households rather than correcting spatial misallocation by relaxing credit constraints for those with high productivity in urban areas that are stuck in rural areas."^^; "2022-01-04"; "2022-01-04T16:19:32.260151309+00:00"^^; "https://doi.org/10.21034/sr.635"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "2023-05-17T19:45:00.595500245+00:00"^^; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "437", "911", "912"; "Staff report (Federal Reserve Bank of Minneapolis. Research Department)"; "635"; "Rural-urban gaps", "Spatial misallocation", "Insurance", "Field experiment", "Risk", "Rural-urban migration"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "Published in: _Econometrica_ (Vol. 91, Iss. 3, May 2023, pp. 803-837), https://doi.org/10.3982/ECTA15962."^^; ; "Publication" . ; .