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Migration costs and observational returns to migration in the developing world
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Lagakos, David, Marshall, Samuel, Mushfiq Mobarak, Ahmed, Vernot, Corey and Waugh, Michael E. (2020) Migration costs and observational returns to migration in the developing world. Journal of Monetary Economics, 113 . pp. 138-154. doi:10.1016/j.jmoneco.2020.03.013 ISSN 0304-3932.
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Official URL: https://doi.org/10.1016/j.jmoneco.2020.03.013
Abstract
Recent studies find that observational returns to rural-urban migration are near zero in three developing countries. We revisit this result using panel tracking surveys from six countries, finding higher returns on average. We then interpret these returns in a multi-region Roy model with heterogeneity in migration costs. In the model, the observational return to migration confounds the urban premium and the individual benefits of migrants, and is not directly informative about the welfare gain from lowering migration costs. Patterns of regional heterogeneity in returns, and a comparison of experimental to observational returns, are consistent with the model’s predictions.
Item Type: | Journal Article | ||||||||
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Divisions: | Faculty of Social Sciences > Economics | ||||||||
Journal or Publication Title: | Journal of Monetary Economics | ||||||||
Publisher: | Elsevier BV | ||||||||
ISSN: | 0304-3932 | ||||||||
Official Date: | August 2020 | ||||||||
Dates: |
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Volume: | 113 | ||||||||
Page Range: | pp. 138-154 | ||||||||
DOI: | 10.1016/j.jmoneco.2020.03.013 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||
Date of first compliant deposit: | 14 May 2020 | ||||||||
Date of first compliant Open Access: | 28 March 2022 | ||||||||
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