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Barriers to household risk management /

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 pr...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Otros Autores: Townsend, Robert M., Cole, Shawn, Tobacman, Jeremy, Gine, Xavier, Vickery, James Ian, Topalova, Petia
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2012.
Colección:IMF working paper (Online) ; WP/12/195.
Temas:
Acceso en línea:Texto completo

MARC

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245 0 0 |a Barriers to household risk management /  |c Shawn Cole [and others]. 
260 |a Washington :  |b International Monetary Fund,  |c 2012. 
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505 0 |a 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. 
505 8 |a VII. Improving Household Risk Management: Tentative Lessons and ConclusionsReferences; VIII. Appendix. 
520 |a 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. 
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650 6 |a Gestion du risque  |z Inde. 
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700 1 |a Gine, Xavier. 
700 1 |a Vickery, James Ian. 
700 1 |a Topalova, Petia. 
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