Poverty Traps and Index-Based Risk Transfer Products

Barry Barnett, Christopher Barrett and Jerry R. Skees

World Development, 2008, vol. 36, issue 10, 1766-1785

Abstract: Summary A growing literature suggests that in low-income countries, households with few assets can be trapped in chronic poverty. This article reviews relevant threads of the poverty traps literature to motivate a description of the opportunities presented by innovative index-based risk transfer products. These products can be used to address some insurance and credit market failures that contribute to the persistence of poverty among households in low-income countries. Applications are considered at the micro, meso, and macro levels.

Keywords: index-based; risk; transfer; products; insurance; poverty; traps; risk; management (search for similar items in EconPapers)
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (145)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0305-750X(08)00135-6
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:wdevel:v:36:y:2008:i:10:p:1766-1785

Access Statistics for this article

World Development is currently edited by O. T. Coomes

More articles in World Development from Elsevier
Bibliographic data for series maintained by Catherine Liu ().