Why 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 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 US insurance contracts. The author’s...
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2013/01/01
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日志文章
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92923
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1
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1
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2014/12/05
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Disclosed
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Barriers to household risk management : evidence from India
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rainfall insurance