01305nem0-2200421---450-99000959872040332120120712112809.0000959872FED01000959872(Aleph)000959872FED0100095987220120628d1952----km-y0itay50------baitaITb--------bl--aa-aabb-a--------a1:25000e0054500e0055230n0395500n0395000ad--b-----PresicceDocumento cartograficoIGM1:25000 (E5°45'-E5°52'30''/N39°55'-N39°50')FirenzeIGM19521 cartacolor.37 x 43 cm su foglio 51 x 57 cmCarta d'Italia223, quadrante 1, tavoletta SOIl meridiano di riferimento è Monte Mario, RomaRilievo del 1948Foglio 223, quadrante 1, tavoletta S. O.Acquarica del capoSalveMarciano di LeucaPugliaCarteIstituto geografico militare5005ITUNINARICAUNIMARCMP990009598720403321MP Cass.2 223, 1(3)Ist. 3653ILFGEILFGEPresicce845181UNINA06105oam 22015134 450 991097403260332120250426110054.09781475565478147556547X97814755123421475512341(CKB)2670000000278926(EBL)1606898(SSID)ssj0000941796(PQKBManifestationID)11510026(PQKBTitleCode)TC0000941796(PQKBWorkID)10964334(PQKB)10276042(Au-PeEL)EBL1606898(CaPaEBR)ebr10627147(OCoLC)870245006(IMF)WPIEE2012195(IMF)WPIEA2012195(MiAaPQ)EBC1606898WPIEA2012195(EXLCZ)99267000000027892620020129d2012 uf 0engur|n|---|||||txtccrBarriers to Household Risk Management : Evidence from India /Robert Townsend, Shawn Cole, Jeremy Tobacman, Xavier Gine, James Vickery, Petia Topalova1st ed.Washington, D.C. :International Monetary Fund,2012.1 online resource (44 p.)IMF Working PapersIMF working paper ;WP/12/195Description based upon print version of record.9781475593686 1475593686 9781475505443 1475505442 Includes bibliographical references.Cover; Abstract; Contents; I. Introduction; II. Insurance Contract Design and Summary Statistics; A. Product Description; B. Summary Statistics; III. Experimental Design; IV. Experimental Results; A. Andhra Pradesh; B. Gujarat: Video Experiments; C. Gujarat: Flyer Experiments; V. Discussion of Experimental Results; A. Price Relative to Actuarial Value; B. Trust; C. Liquidity Constraints; D. Financial Literacy and Education; E. Framing, Salience and Other Behavioral Factors; VI. Non-Experimental Evidence; A. Correlates of Insurance Purchase; B. Self-Reported Explanations for Non-PurchaseVII. Improving Household Risk Management: Tentative Lessons and ConclusionsReferences; VIII. AppendixWhy do many households remain exposed to large exogenous sources of non-systematic income risk? We use a series of randomized field experiments in rural India to test the importance of price and non-price factors in the adoption of an innovative rainfall insurance product. Demand is significantly price sensitive, but widespread take-up would not be achieved even if the product offered a payout ratio comparable to U.S. insurance contracts. We present evidence suggesting that lack of trust, liquidity constraints and limited salience are significant non-price frictions that constrain demand. We suggest contract design improvements to mitigate these frictions.IMF Working Papers; Working Paper ;No. 2012/195Financial riskIndiaRisk managementIndiaActuarial StudiesimfAsset and liability managementimfConsumptionimfCorporate Finance and GovernanceimfEconomic Development: Financial MarketsimfEconomicsimfEducationimfEducation: GeneralimfField ExperimentsimfFinanceimfFinance: GeneralimfFinancial Institutions and Services: GeneralimfFinancial institutionsimfFinancial InstrumentsimfIndustries: Financial ServicesimfInstitutional InvestorsimfInsurance & actuarial studiesimfInsurance CompaniesimfInsurance companiesimfInsuranceimfInvestment DecisionsimfLiquidityimfMacroeconomicsimfMacroeconomics: ConsumptionimfNational accountsimfNon-bank Financial InstitutionsimfPension FundsimfPersonal FinanceimfPortfolio ChoiceimfSaving and Capital InvestmentimfSavingimfWealthimfUnited StatesimfFinancial riskRisk managementActuarial StudiesAsset and liability managementConsumptionCorporate Finance and GovernanceEconomic Development: Financial MarketsEconomicsEducationEducation: GeneralField ExperimentsFinanceFinance: GeneralFinancial Institutions and Services: GeneralFinancial institutionsFinancial InstrumentsIndustries: Financial ServicesInstitutional InvestorsInsurance & actuarial studiesInsurance CompaniesInsurance companiesInsuranceInvestment DecisionsLiquidityMacroeconomicsMacroeconomics: ConsumptionNational accountsNon-bank Financial InstitutionsPension FundsPersonal FinancePortfolio ChoiceSaving and Capital InvestmentSavingWealth332.1;332.152Townsend Robert248120Cole Shawn1816325Gine Xavier1816326Tobacman Jeremy1816327Topalova Petia1816328Vickery James1816329DcWaIMFBOOK9910974032603321Barriers to Household Risk Management4372333UNINA