Barriers to Household Risk Management Evidence from India
| Author/creator | Townsend, Robert M. Author |
| Other author | Cole, Shawn Author |
| Other author | Tobacman, Jeremy Author |
| Format | Electronic |
| Publication Info | Washington : International Monetary Fund |
| Description | 74 p. |
| Supplemental Content | Full text available from Ebook Central - Academic Complete |
| Summary | Annotation Why do many households remain exposed to large exogenous sources of non-systematic 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 U.S. insurance contracts. We present evidence suggesting that lack of trust, liquidity constraints and limited salience are significant non-price frictions that constrain demand. We suggest contract design improvements to mitigate these frictions. |
| Access restriction | Available only to authorized users. |
| Technical details | Mode of access: World Wide Web |
| Genre/form | Electronic books. |
| ISBN | 9781475593686 |
| ISBN | 1475593686 (E-Book) Active Record |
| Stock number | 00013468 |
Availability
| Library | Location | Call Number | Status | Item Actions |
|---|---|---|---|---|
| Electronic Resources | Access Content Online | ✔ Available |