| Description |
1 online resource (44 pages). |
|
text file |
| Series |
IMF working papers ; WP/12/195
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IMF working paper (Online) ; WP/12/195.
|
| Contents |
Cover; Abstract; Contents; I. Introduction; II. Insurance Contract Design and Summary Statistics; A. Product Description; B. Summary Statistics; III. Experimental Design; IV. Experimental Results; A. Andhra Pradesh; B. Gujarat: Video Experiments; C. Gujarat: Flyer Experiments; V. Discussion of Experimental Results; A. Price Relative to Actuarial Value; B. Trust; C. Liquidity Constraints; D. Financial Literacy and Education; E. Framing, Salience and Other Behavioral Factors; VI. Non-Experimental Evidence; A. Correlates of Insurance Purchase; B. Self-Reported Explanations for Non-Purchase. |
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VII. Improving Household Risk Management: Tentative Lessons and ConclusionsReferences; VIII. Appendix. |
| Summary |
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 s. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Financial risk -- India.
|
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Financial risk. |
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India. |
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Risk management -- India.
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Risk management. |
| Genre/Form |
Electronic books.
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| Added Author |
Townsend, Robert M.
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Cole, Shawn.
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Tobacman, Jeremy.
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Gine, Xavier.
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Vickery, James Ian.
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Topalova, Petia.
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| Other Form: |
Print version: Townsend, Robert M. Barriers to Household Risk Management: Evidence from India. Washington : International Monetary Fund, ©2012 9781475505443 |
| ISBN |
9781475512342 |
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1475512341 |
|
1475593686 electronic book |
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9781475593686 electronic book |
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