Barnett, Barry J.
[Verfasser:in]
;
Barrett, Christopher B.
[Sonstige Person, Familie und Körperschaft];
Skees, Jerry R.
[Sonstige Person, Familie und Körperschaft]
Poverty Traps and Index Based Risk Transfer Products
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 2006 erstellt
Beschreibung:
A growing literature suggests that in low-income countries, households with few assets can be trapped in chronic poverty. This article reviews relevant threads of the poverty traps literature to motivate a description of the opportunities presented by innovative index-based risk transfer products. These products can be used to address some insurance and credit market failures that contribute to the persistence of poverty among households in low-income countries. Applications are considered at the micro, meso, and macro levels