Barriers to Household Risk Management : Evidence from India

Barriers to Household Risk Management : Evidence from India

Why do many households remain exposed to large exogenous sources of nonsystematic income risk? We use a series of randomized field experiments in rural India to test the importance of price and nonprice factors in the adoption of an innovative rainfall insurance product. Demand is significantly pric...

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Bibliographic Details
Main Authors: Cole, Shawn A., Giné, Xavier, Tobacman, Jeremy, Townsend, Robert M., Topalova, Petia, Vickery, James
Format: Journal Article
Language:en_US
Published: American Economic Association 2014
Subjects:
personal finance
risk
uncertainty
decision-making
microeconomic analyses
economic development
agriculture
saving and capital investment
farm households
rural transportation
Online Access:http://hdl.handle.net/10986/17926

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