Using 40 years of historical rainfall data, this paper estimates a distribution for payouts on rainfall insurance policies offered to farmers in the State of Andhra Pradesh, India, in 2006. The authors find that the contracts primarily protect households against extreme tail events; half the expected value of indemnities paid by the insurance are generated by only 2 percent of rainfall realizations. Contract payouts are significantly correlated cross-sectionally...
更多显示
详细
-
2007/12/01
-
政策研究报告
-
WPS4426
-
1
-
1
-
2010/07/01
-
Disclosed
-
Statistical analysis of rainfall insurance payouts in southern India
-
Swiss State Secretariat for Economic Affairs