Sangam: A Confluence of Knowledge Streams

Patterns of Rainfall Insurance Participation in Rural India

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dc.creator Giné, Xavier
dc.creator Townsend, Robert
dc.creator Vickery, James
dc.date 2012-03-30T07:12:37Z
dc.date 2012-03-30T07:12:37Z
dc.date 2008-12-01
dc.date.accessioned 2023-02-18T19:41:21Z
dc.date.available 2023-02-18T19:41:21Z
dc.identifier World Bank Economic Review
dc.identifier 1564-698X
dc.identifier http://hdl.handle.net/10986/4491
dc.identifier.uri http://localhost:8080/xmlui/handle/CUHPOERS/249976
dc.description Take-up of an innovative rainfall insurance policy offered to smallholder farmers in rural India decreases with basis risk between insurance payouts and income fluctuations, increases with household wealth, and decreases with binding credit constraints. These results are consistent with the predictions of a simple neoclassical model with borrowing constraints. Other patterns are less consistent with the benchmark model. For example, participation in village networks and measures of familiarity with the insurance vendor are strongly correlated with insurance take-up decisions, and risk-averse households are less, not more, likely to purchase insurance. These results may reflect household uncertainty about the product, given their limited experience with it.
dc.publisher World Bank
dc.rights CC BY-NC-ND 3.0 IGO
dc.rights http://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.rights World Bank
dc.subject federal reserve bank of new york
dc.subject financial institutions
dc.subject insurance
dc.subject liquid assets
dc.subject local financial institutions
dc.subject microfinance
dc.subject moral hazard
dc.subject risk management
dc.subject savings
dc.subject technical assistance
dc.title Patterns of Rainfall Insurance Participation in Rural India
dc.type Journal Article
dc.type Journal Article
dc.coverage South Asia
dc.coverage India


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