Do the poor insure? A synthesis of the literature on risk and consumption in developing countries (English)

How well do rural households in developing countries mitigate the income risk of the rural sector? There are several sensible reasons why households cannot fully insure consumption against income fluctuations. The well-known problems of moral hazard, information asymmetries, and deficient ability to enforce contracts may result in no or incomplete insurance markets - and certainly there is a dearth of formal insurance markets in developing countries...

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Author

Alderman,Harold H.;

Paxson,Christina H.;

DEC;
Document Date
1992/10/31
Document Type
Policy Research Working Paper
Report Number
WPS1008
Volume No
1
Total Volume(s)
1
Disclosure Date
2010/07/01
Doc Name
Do the poor insure? A synthesis of the literature on risk and consumption in developing countries
Keywords
consumption

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Citation

Alderman,Harold H.; Paxson,Christina H.; DEC.

Do the poor insure? A synthesis of the literature on risk and consumption in developing countries (English). Policy, Research working papers ; no. WPS 1008. Agricultural policies Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/682441468765261969

Do the poor insure? A synthesis of the literature on risk and consumption in developing countries (English)

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