• Media type: Report; E-Book
  • Title: Regional Migration, Insurance and Economic Shocks: Evidence from Nicaragua
  • Contributor: Molina Millán, Teresa [Author]
  • Published: Bonn: Institute for the Study of Labor (IZA), 2015
  • Language: English
  • Keywords: O15 ; internal migration ; insurance ; inter-households transfers ; R23 ; weather shocks ; risk ; F24 ; remittances ; O12
  • Origination:
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  • Description: To test whether transfers sent and received by regional migrants serve an insurance role, this paper estimates the causal impact of income shocks at a migrant's origin and destination location on the bilateral transfer of funds. Using rainfall shocks in rural Nicaragua, I find that migrants aged 15-21 years provide unilateral insurance to their origin household. Distinguishing by destination and economic activity I show that the level of insurance increases when migrants and households are exposed to less correlated shocks. In addition, I find evidence of bilateral insurance among rural migrants exposed to rainfall shocks with low levels of correlation with respect to shocks occurring at origin.
  • Access State: Open Access