Barriers to Household Risk Management: Evidence from India
Published By: BREAD on eSS | Published Date: November, 06 , 2010Why do many households remain exposed to large exogenous sources of non-systematic
income risk? Why don’t financial markets develop to pool these risks? This paper uses a
series of randomized field experiments to test the importance of price and non-price
factors in the adoption of an innovative rainfall insurance product, designed to hedge a
major source of agricultural production risk. [BREAD Working paper No.33]. URL:[http://ipl.econ.duke.edu/bread/papers/working/303.pdf].
Author(s): Petia Topalova, Shawn Cole, Xavier Gene, Jeremy Tobacman, Robert Townsend, James Vickery | Posted on: Jul 06, 2011 | Views(976) | Download (1497)