| Autor: |
Gine, Xavier, Vickery, James Ian, Topalova, Petia, Townsend, Robert M., Cole, Shawn, Tobacman, Jeremy |
| Předmět: |
|
| Kategorie: |
|
| Popis: |
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 s. |
| Databáze: |
eBook Collection (EBSCOhost) |
| Externí odkaz: |
|
