Zhu, Yu; Wu, Zhongmin; Peng, Liquan; Sheng, Laiyun - School of Economics, University of Kent - 2009
We focus on the impact of migrants’ remittances on consumption patterns in rural China, allowing for endogeneity of remittances and county fixed-effects. We find that the marginal propensity to consume out of remittances is close to unity, which is far greater than that out of non-migrant...