TY  - RPRT
        AU  - Millán, Teresa Molina
        TI  - Regional Migration, Insurance and Economic Shocks: Evidence from Nicaragua
        PY  - 2015/Nov/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 9494
        UR  - https://www.iza.org/publications/dp9494
        AB  - 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.
        KW  - insurance
KW  - risk
KW  - remittances
KW  - internal migration
KW  - inter-households transfers
KW  - weather shocks
        ER  -