@article{Chen:296671,
      recid = {296671},
      author = {Chen, Joyce and Flatnes, Jon},
      title = {Credit Access, Migration, and Climate Change Adaptation in  Rural Bangladesh},
      address = {2019-11-15},
      number = {2317-2019-4799},
      pages = {19},
      month = {Nov},
      year = {2019},
      abstract = {We explore the impact of flooding on migration in  Bangladesh and examine whether migration responses are  mitigated by access to credit. Using unique data from a  household survey conducted in rural Bangladesh shortly  after the 1998 flood, we estimate the effect of flooding on  both permanent and temporary migration. We utilize a  difference-in-differences approach that relies on  randomized early access to microfinance. Flood exposure is  based on village-level reports of flood intensity, which  can be treated as exogenous to individual households. We  find that flooding led to increased temporary migration,  with no effect on permanent migration. Moreover, access to  credit several years earlier fully mitigates the migration  effect, suggesting that credit access allows farmers to  cope with severe climate events without having to migrate.  Our study thus provides an important contribution to the  broader literature on climate change adaptation, by  demonstrating that relieving credit constraints could  enhance local livelihood strategies during environmental  hazards, without deterring gradual permanent migration away  from vulnerable areas.},
      url = {http://ageconsearch.umn.edu/record/296671},
      doi = {https://doi.org/10.22004/ag.econ.296671},
}