Patterns of Rainfall Insurance Participation in Rural India

creativeworkseries.issn 1564-698X Giné, Xavier Townsend, Robert Vickery, James 2012-03-30T07:12:37Z 2012-03-30T07:12:37Z 2008-12-01
dc.description.abstract Take-up of an innovative rainfall insurance policy offered to smallholder farmers in rural India decreases with basis risk between insurance payouts and income fluctuations, increases with household wealth, and decreases with binding credit constraints. These results are consistent with the predictions of a simple neoclassical model with borrowing constraints. Other patterns are less consistent with the benchmark model. For example, participation in village networks and measures of familiarity with the insurance vendor are strongly correlated with insurance take-up decisions, and risk-averse households are less, not more, likely to purchase insurance. These results may reflect household uncertainty about the product, given their limited experience with it. en
dc.identifier.citation World Bank Economic Review
dc.identifier.issn 1564-698X
dc.publisher World Bank
dc.relation.ispartofseries World Bank Economic Review
dc.rights CC BY-NC-ND 3.0 IGO
dc.rights.holder World Bank
dc.subject federal reserve bank of new york
dc.subject financial institutions
dc.subject insurance
dc.subject liquid assets
dc.subject local financial institutions
dc.subject microfinance
dc.subject moral hazard
dc.subject risk management
dc.subject savings
dc.subject technical assistance
dc.title Patterns of Rainfall Insurance Participation in Rural India en
dc.type Journal Article en
dc.type Article de journal fr
dc.type Artículo de revista es
dspace.entity.type Publication
okr.crosscuttingsolutionarea Jobs
okr.doctype Journal Article
okr.globalpractice Social, Urban, Rural and Resilience
okr.globalpractice Social Protection and Labor
okr.globalpractice Poverty
okr.globalpractice Finance and Markets
okr.globalpractice Trade and Competitiveness 3
okr.language.supported en
okr.pagenumber 539
okr.pagenumber 566
okr.pdfurl wber_22_3_539.pdf en
okr.peerreview Academic Peer Review
okr.region.administrative South Asia India
okr.topic Rural Development
okr.topic Banks and Banking Reform
okr.topic Finance and Financial Sector Development :: Debt Markets
okr.topic Social Protections and Labor :: Labor Policies
okr.topic Insurance and Risk Mitigation
okr.topic Finance and Financial Sector Development :: Financial Intermediation
okr.topic Urban Development :: Hazard Risk Management
okr.topic Poverty Reduction :: Rural Poverty Reduction
okr.topic Private Sector Development :: Emerging Markets
okr.topic Finance and Financial Sector Development :: Non Bank Financial Institutions
okr.topic Private Sector Development :: Land and Real Estate Development
okr.volume 22
relation.isAuthorOfPublication 460a3e9c-f7d0-5335-977a-578f6fc8ebe3
relation.isJournalIssueOfPublication 209ea377-1596-4a5d-911e-b0f76aec7c05
relation.isJournalOfPublication c41eae2f-cf94-449d-86b7-f062aebe893f
relation.isJournalVolumeOfPublication 4c8baec9-4fd4-4228-8add-184b554e4a53
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
English PDF
158.18 KB
Adobe Portable Document Format