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100 _aLee, Jean N. at al
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245 _aPoverty and migration in the digital age: Experimental evidence on mobile banking in Bangladesh
260 _aAmerican Economic Journal: Applied Economics
300 _a13(1), Jan, 2021: p.38-71
520 _aRapid urbanization is reshaping economies and intensifying spatial inequalities. In Bangladesh, we experimentally introduced mobile banking to very poor rural households and family members who had migrated to the city, testing whether mobile technology can reduce inequality by modernizing traditional ways to transfer money. One year later, for active mobile banking users, urban-to-rural remittances increased by 26 percent of the baseline mean. Rural consumption increased by 7.5 percent, and extreme poverty fell. Rural households borrowed less, saved more, sent additional migrants, and consumed more in the lean season. Urban migrants experienced less poverty and saved more but bore costs, reporting worse health. – Reproduced
650 _aEconomic development, Human resources, Human development, Income distribution, Migration, Financial markets, Saving, Capital investment, Corporate finance
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773 _aAmerican Economic Journal: Applied Economics
906 _aMIGRATION
942 _cAR