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Autore: | Cole Shawn |
Titolo: | Barriers to household risk management : evidence from India / / Shawn Cole ... [et al.] |
Pubblicazione: | Washington, D.C., : International Monetary Fund, c2012 |
Edizione: | 1st ed. |
Descrizione fisica: | 1 online resource (44 p.) |
Disciplina: | 332.1;332.152 |
Soggetto topico: | Financial risk - India |
Risk management - India | |
Note generali: | Description based upon print version of record. |
Nota di bibliografia: | Includes bibliographical references. |
Nota di contenuto: | 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-Purchase |
VII. Improving Household Risk Management: Tentative Lessons and ConclusionsReferences; VIII. Appendix | |
Sommario/riassunto: | Why 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. |
Titolo autorizzato: | Barriers to household risk management |
ISBN: | 1-4755-6547-X |
1-4755-1234-1 | |
Formato: | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione: | Inglese |
Record Nr.: | 9910817309503321 |
Lo trovi qui: | Univ. Federico II |
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