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Property rights, land liquidity, and internal migration
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Chernina, Eugenia, Castañeda Dower, Paul and Markevich, Andreĭ (2014) Property rights, land liquidity, and internal migration. Journal of Development Economics, Volume 110 . pp. 191-215. doi:10.1016/j.jdeveco.2013.03.010 ISSN 0304-3878.
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Official URL: http://dx.doi.org/10.1016/j.jdeveco.2013.03.010
Abstract
In the early twentieth century, a large number of households resettled from the European to the Asian part of the Russian Empire. We propose that this dramatic migration was rooted in institutional changes initiated by the 1906 Stolypin land titling reform. One might expect better property rights to decrease the propensity to migrate by improving economic conditions in the reform area. However, this titling reform increased land liquidity and actually promoted migration by easing financial constraints and decreasing opportunity costs. Treating the reform as a quasi-natural experiment, we employ difference-in-differences analysis on a panel of province-level data that describe migration and economic conditions. We find that the reform had a sizeable effect on migration. To verify the land liquidity effect, we exploit variation in the number of households participating in the reform. This direct measure of the reform mechanism estimates that land liquidity explains approximately 18% of migration during this period.
Item Type: | Journal Article | ||||||||||
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Divisions: | Faculty of Social Sciences > Economics | ||||||||||
Journal or Publication Title: | Journal of Development Economics | ||||||||||
Publisher: | Elsevier | ||||||||||
ISSN: | 0304-3878 | ||||||||||
Official Date: | September 2014 | ||||||||||
Dates: |
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Volume: | Volume 110 | ||||||||||
Page Range: | pp. 191-215 | ||||||||||
DOI: | 10.1016/j.jdeveco.2013.03.010 | ||||||||||
Status: | Peer Reviewed | ||||||||||
Publication Status: | Published | ||||||||||
Access rights to Published version: | Restricted or Subscription Access |
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