Abstract
The authors develop the hypothesis that aversion to risk rather than expectations of higher income is the primary motivation for rural-urban migration in developing countries. This hypothesis maintains that an optimizing risk-averse small-farmer family will try to place a family member in the urban sector in order to diversify its income portfolio. An additional hypothesis related to risk is also considered at the individual rather than the family level. (ANNOTATION)
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
