Why Is Mobility in India So Low? Social Insurance, Inequality, and Growth
Published By: NBER | Published Date: April, 01 , 2009This paper examines the hypothesis that the persistence of low spatial and marital mobility in rural India, despite increased growth rates and rising inequality in recent years, is due to the existence of sub-caste networks that provide mutual insurance to their members. Unique panel data providing information on income, assets, gifts, loans, consumption, marriage, and migration are used to link caste networks to household and aggregate mobility. [NBER Working Paper No. 14850].
Author(s): Kaivan Munshi, Mark Rosenzweig | Posted on: Jul 22, 2013 | Views(1222)