Barriers to household risk management : evidence from India (English)

Why do many households remain exposed to large exogenous sources of nonsystematic income risk? We use a series of randomized field experiments in rural India to test the importance of price and non-price factors in the adoption of an innovative rainfall insurance product. Demand is significantly price sensitive, but widespread take-up would not be achieved even if the product offered a payout ratio comparable to US insurance contracts. The author’s...

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Author

Cole,Shawn Allen;

Gine,Xavier;

Tobacman,Jeremy;

Topalova,Petia B.;

Townsend, Robert;

Vickery,James;
Document Date
2013/01/01
Document Type
Journal Article
Report Number
92923
Volume No
1
Total Volume(s)
1
Country
India,
Region
South Asia,
Disclosure Date
2014/12/05
Disclosure Status
Disclosed
Doc Name
Barriers to household risk management : evidence from India
Keywords
rainfall insurance

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Citation

Cole,Shawn Allen; Gine,Xavier; Tobacman,Jeremy; Topalova,Petia B.; Townsend, Robert; Vickery,James.

Barriers to household risk management : evidence from India (English). Author accepted manuscript Washington, DC ; World Bank Group. http://documents.worldbank.org/curated/en/365141468035383446

Barriers to household risk management : evidence from India (English)

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