Abstract
In developing countries, for several decades, massive net rural-urban migration has been observed. Such migration can be interpreted as resulting from attempts to realize an optimal allocation of individual risks. However, in fact, the allocation of individual and collective risks is sub-optimal. The identification of main reasons for the failure of rural-urban migration is indispensable for improving welfare in developing countries.
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Schubert, R. (1992). Rural -Urban Migration On the Allocation of Risks in Developing Countries. In: Zimmermann, K.F. (eds) Migration and Economic Development. Population Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-58156-4_5
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