The Stolypin agrarian reform and peasant migration

Andrei Markevich, Eugenia Chernina and Paul Castañeda Dower

No 11022, Working Papers from Economic History Society

Abstract: "Liquidity constraints influence the migration decision, but their importance is difficult to test. The Stolypin agrarian reform in Russia provides a unique natural experiment that exogenously varies liquidity constraints. The reform gives the peasant the right to withdraw from the commune and to sell one's share of land. Peasant households could then take this opportunity to migrate. Since the reform did not affect all communes, we can employ difference-in-differences analysis on a panel of regional migration data from 1901-1914. Our results show that the relaxing of liquidity constraints explains at least 15% of all migration during this period."

JEL-codes: J61 N33 N53 O12 O13 (search for similar items in EconPapers)
Date: 2011-04
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