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Barriers to Household Risk Management : Evidence from India
| 题名： | Barriers to Household Risk Management : Evidence from India |
| 责任者： | Cole, Shawn A.；Giné, Xavier；Tobacman, Jeremy；Townsend, Robert M.；Topalova, Petia；Vickery, James |
| 关键词： | Finance and Financial Sector Development — Insurance & Risk Mitigation；Finance and Financial Sector Development — Microfinance；Rural Development — Rural Development Strategy & Policy；Rural Development — Rural Microfinance and SMEs；Rural Development — Rural Roads & Transport |
| 学科分类： | 交通运输规划与管理 |
| 摘要： | 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 nonprice 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. We present evidence suggesting that lack of trust, liquidity constraints, and limited salience are significant nonprice frictions that constrain demand. We suggest possible contract design improvements to mitigate these frictions. |
| 出版机构： | World Bank |
| 完成日期： | 2014-04-21T18:58:39Z |
| 报告类型： | 咨询报告 |
| 资源类型： | 科技（咨询、行业）报告 |
| 初始创建时间： | 2017-12-13T09:06:49Z |
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