Barriers to Household Risk Management: Evidence from India

Petia Topalova, Shawn Cole, Xavier Gene, Jeremy Tobacman, Robert Townsend and James Vickery ()

Working Papers from eSocialSciences

Abstract: Why 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].

Keywords: India; households; exogenous; risk; financial markets; non-price factors; rainfall; insurance product; agricultural production risk; Consumer Finance; Liquidity Constraints; Trust; economic development (search for similar items in EconPapers)
Date: 2011-07
Note: Institutional Papers
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Related works:
Journal Article: Barriers to Household Risk Management: Evidence from India (2013)
Working Paper: Barriers to Household Risk Management: Evidence from India (2012)
Working Paper: Barriers to household risk management: evidence from India (2010)
Working Paper: Barriers to household risk management: evidence from India (2009)
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