%0 Report
        %A Millán, Teresa Molina
        %T Regional Migration, Insurance and Economic Shocks: Evidence from Nicaragua
        %D 2015
        %8 2015 Nov
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 9494
        %U https://www.iza.org/publications/dp9494
        %X 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.
        %K insurance
%K risk
%K remittances
%K internal migration
%K inter-households transfers
%K weather shocks