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SUMMARY:Income Risk\, Insurance\, and Rural-Urban Structural Change - Flor
 ian Trouvain (University of Oxford)
DTSTART;VALUE=DATE-TIME:20250603T160000
DTEND;VALUE=DATE-TIME:20250603T171500
UID:https://new.talks.ox.ac.uk/talks/id/e5b41fbb-0ca4-402a-997a-3d2c98f448
 55/
DESCRIPTION:I document differences in labor income risk across rural and u
 rban households in China and South Africa. Rural households experience lar
 ge but more transitory shocks\, while urban house-holds experience smaller
  but more persistent income shocks. I combine these estimates with consump
 tion level data to discipline an incomplete market model with endogenous f
 orward-looking migration and informal insurance. Differences in the income
  process are important to understand both the low passthrough of income sh
 ocks to consumption commonly measured in rural environments\, and equilibr
 ium selection into migration\, which together shape differences in volatil
 ity and mean income of rural vs. urban households. I use the model to quan
 tify the impact of differences in income risk and insurance on rural-urban
  wage gaps\, migration\, and aggregate productivity.\nSpeakers:\nFlorian T
 rouvain (University of Oxford)
LOCATION:Manor Road Building (Seminar Room A)\, Manor Road OX1 3UQ
TZID:Europe/London
URL:https://new.talks.ox.ac.uk/talks/id/e5b41fbb-0ca4-402a-997a-3d2c98f448
 55/
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DESCRIPTION:Talk:Income Risk\, Insurance\, and Rural-Urban Structural Chan
 ge - Florian Trouvain (University of Oxford)
TRIGGER:-PT1H
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