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Mark Rosenzweig

By this expert

Networks and Misallocation: Insurance, Migration, and the Rural-Urban Wage Gap

Paper Working paper | By Kaivan Munshi and Mark Rosenzweig | Sep 2015

We provide an explanation for the large spatial wage disparities and low male migration in India based on the trade-off between consumption-smoothing, provided by caste-based rural insurance networks, and the income-gains from migration.