TY - GEN
AU - Cole, Shawn
AU - Vickery, James
AU - Tobacman, Jeremy
AU - Topalova, Petia
AU - Townsend, Robert
AU - Cole, Shawn
AU - Giné, Xavier
TI - Barriers to household risk management Evidence from India
PB - The World Bank
PY - 2010
N2 - Why do many households remain exposed to large exogenous sources of non-systematic income risk? This paper uses 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. The analysis finds that demand is significantly price-elastic, but that even if insurance were offered with payout ratios similar to US, widespread coverage would not be achieved. The paper identifies key non-price frictions that limit demand: liquidity constraints, particularly among poor households, lack of trust, and limited salience. The authors suggest potential improvements in contract design to mitigate these frictions
CY - Washington, D.C
UR - http://slubdd.de/katalog?TN_libero_mab2
ER -
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