Why location matters in determining living standards - The Hindu BusinessLine
Why location matters in determining living standards March 09, 2021 Consumption levels and locational inequality are positively related, say researchers An economic migrant can (on an average) expect to be better off in the lower classes of urban India than in the middle-class of rural India. Given that rural India offers much lower living standards on an average, a migrant may not mind moving down to a relatively lower social position upon migrating to urban area due to the absolute gains emanating from such movement, observes the International Monetary Fund (IMF) working paper titled ‘In...
Source: thehindubusinessline.com
