Semantic Scholar Open Access 2010 844 sitasi

Barriers to Household Risk Management: Evidence from India.

Shawn Cole X. Giné Jeremy Tobacman Robert M. Townsend P. Topalova +1 lainnya

Lihat Sumber DOI

Abstrak

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.

Topik & Kata Kunci

Economics Business Medicine

Penulis (6)

Shawn Cole

X. Giné

Jeremy Tobacman

Robert M. Townsend

P. Topalova

James Vickery

Format Sitasi

APA MLA BibTeX

Cole, S., Giné, X., Tobacman, J., Townsend, R.M., Topalova, P., Vickery, J. (2010). Barriers to Household Risk Management: Evidence from India.. https://doi.org/10.1257/APP.5.1.104

Akses Cepat

Lihat di Sumber doi.org/10.1257/APP.5.1.104

Informasi Jurnal

Tahun Terbit: 2010
Bahasa: en
Total Sitasi: 844×
Sumber Database: Semantic Scholar
DOI: 10.1257/APP.5.1.104
Akses: Open Access ✓