Barriers to Household Risk Management : Evidence from India

Vista sencilla de ítem
dc.creatorCole, Shawn A.
dc.creatorGiné, Xavier
dc.creatorTobacman, Jeremy
dc.creatorTownsend, Robert M.
dc.creatorTopalova, Petia
dc.creatorVickery, James
dc.date2014-04-21T18:58:39Z
dc.date2014-04-21T18:58:39Z
dc.date2013-01
dc.date.accessioned2026-07-01T01:00:58Z
dc.descriptionWhy 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 nonprice 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. We present evidence suggesting that lack of trust, liquidity constraints, and limited salience are significant nonprice frictions that constrain demand. We suggest possible contract design improvements to mitigate these frictions.
dc.formatapplication/pdf
dc.identifierAmerican Economic Journal: Applied Economics
dc.identifier1945-7782
dc.identifier10.1257/app.5.1.104
dc.identifierhttps://hdl.handle.net/10986/17926
dc.identifierhttps://doi.org/10.1596/17926
dc.identifier.urihttp://hdl.handle.net/123456789/414240
dc.languageen_US
dc.publisherAmerican Economic Association
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsAmerican Economic Association
dc.subjectpersonal finance
dc.subjectrisk
dc.subjectuncertainty
dc.subjectdecision-making
dc.subjectmicroeconomic analyses
dc.subjecteconomic development
dc.subjectagriculture
dc.subjectsaving and capital investment
dc.subjectfarm households
dc.subjectrural transportation
dc.titleBarriers to Household Risk Management : Evidence from India
dc.typeJournal Article
dc.typeArticle de journal
dc.typeArtículo de revista

Archivos

Colecciones

AgroKnow