Rural urban migration with heterogeneous firms, heterogonous laborer and the effect of wage subsidy

Sravaitri Chaudhuri, Ranajoy Bhattacharyya and Sukanta Bhattacharya
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Sravaitri Chaudhuri: University of Calcutta, Kolkata, India
Ranajoy Bhattacharyya: Indian Institute of Foreign Trade, Kolkata, India
Sukanta Bhattacharya: University of Calcutta, Kolkata, India

Theoretical and Applied Economics, 2021, vol. XXVIII, issue 3(628), Autumn, 143-156

Abstract: Rural urban migration is an important aspect towards the process of urbanization and development and therefore has been a topic of interest and debate for many economists for several decades. As a result, there exists a vast and diverse literature empirical and theoretical on the causes, consequences and therefore policy considerations and implications of rural urban migration. In this paper a few of the empirical observations are incorporated in a general equilibrium model based on Harris Todaro (1970) and Melitz (2003) to make it more realistically relevant. Later the effect a usual policy of rural wage subsidy is observed in the new model.

Keywords: rural urban migration; heterogeneous firms; informal sector; heterogeneous laborer; unemployment; rural wage subsidy. (search for similar items in EconPapers)
Date: 2021
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