Publication:
Patterns of Rainfall Insurance Participation in Rural India

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creativeworkseries.issn1564-698X
dc.contributor.authorTownsend, Robert
dc.contributor.authorGiné, Xavier
dc.contributor.authorVickery, James
dc.date.accessioned2012-03-30T07:12:37Z
dc.date.available2012-03-30T07:12:37Z
dc.date.issued2008-12-01
dc.description.abstractTake-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.citationWorld Bank Economic Review
dc.identifier.doi10.1596/4491
dc.identifier.issn1564-698X
dc.identifier.urihttps://hdl.handle.net/10986/4491
dc.publisherWorld Bank
dc.relation.ispartofseriesWorld Bank Economic Review
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.subjectfederal reserve bank of new york
dc.subjectfinancial institutions
dc.subjectinsurance
dc.subjectliquid assets
dc.subjectlocal financial institutions
dc.subjectmicrofinance
dc.subjectmoral hazard
dc.subjectrisk management
dc.subjectsavings
dc.subjecttechnical assistance
dc.titlePatterns of Rainfall Insurance Participation in Rural Indiaen
dc.typeJournal Articleen
dc.typeArticle de journalfr
dc.typeArtículo de revistaes
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.date.doiregistration2025-05-06T11:07:02.141088Z
okr.doctypeJournal Article
okr.globalpracticeSocial, Urban, Rural and Resilience
okr.globalpracticeSocial Protection and Labor
okr.globalpracticePoverty
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.identifier.report3
okr.language.supporteden
okr.pagenumber539
okr.pagenumber566
okr.pdfurlwber_22_3_539.pdfen
okr.peerreviewAcademic Peer Review
okr.region.administrativeSouth Asia
okr.region.countryIndia
okr.topicRural Development
okr.topicBanks and Banking Reform
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicSocial Protections and Labor::Labor Policies
okr.topicInsurance and Risk Mitigation
okr.topicFinance and Financial Sector Development::Financial Intermediation
okr.topicUrban Development::Hazard Risk Management
okr.topicPoverty Reduction::Rural Poverty Reduction
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Non Bank Financial Institutions
okr.topicPrivate Sector Development::Land and Real Estate Development
okr.volume22
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