Barriers to household risk management:
Saved in:
| Format: | Electronic eBook |
|---|---|
| Language: | English |
| Published: |
Washington
International Monetary Fund
2012
|
| Series: | IMF working paper (Online)
WP/12/195 |
| Subjects: | |
| Online Access: | FAW01 FAW02 FLA01 |
| Item Description: | 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 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 |
| Physical Description: | 44 pages |
| ISBN: | 9781475512342 1475512341 1475593686 9781475593686 |
Staff View
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| 500 | |a VII. Improving Household Risk Management: Tentative Lessons and ConclusionsReferences; VIII. Appendix | ||
| 500 | |a 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 | ||
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| 700 | 1 | |a Vickery, James Ian |e Sonstige |4 oth | |
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| spelling | Barriers to household risk management Shawn Cole...[et al.] Washington International Monetary Fund 2012 44 pages txt rdacontent c rdamedia cr rdacarrier IMF working paper (Online) WP/12/195 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 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 Financial risk fast Risk management fast BUSINESS & ECONOMICS / Industrial Management bisacsh BUSINESS & ECONOMICS / Management bisacsh BUSINESS & ECONOMICS / Management Science bisacsh BUSINESS & ECONOMICS / Organizational Behavior bisacsh Wirtschaft Financial risk India Risk management India Indien Townsend, Robert M. Sonstige oth Cole, Shawn Sonstige oth Tobacman, Jeremy Sonstige oth Gine, Xavier Sonstige oth Vickery, James Ian Sonstige oth Topalova, Petia Sonstige oth |
| spellingShingle | Barriers to household risk management Financial risk fast Risk management fast BUSINESS & ECONOMICS / Industrial Management bisacsh BUSINESS & ECONOMICS / Management bisacsh BUSINESS & ECONOMICS / Management Science bisacsh BUSINESS & ECONOMICS / Organizational Behavior bisacsh Wirtschaft Financial risk India Risk management India |
| title | Barriers to household risk management |
| title_auth | Barriers to household risk management |
| title_exact_search | Barriers to household risk management |
| title_full | Barriers to household risk management Shawn Cole...[et al.] |
| title_fullStr | Barriers to household risk management Shawn Cole...[et al.] |
| title_full_unstemmed | Barriers to household risk management Shawn Cole...[et al.] |
| title_short | Barriers to household risk management |
| title_sort | barriers to household risk management |
| topic | Financial risk fast Risk management fast BUSINESS & ECONOMICS / Industrial Management bisacsh BUSINESS & ECONOMICS / Management bisacsh BUSINESS & ECONOMICS / Management Science bisacsh BUSINESS & ECONOMICS / Organizational Behavior bisacsh Wirtschaft Financial risk India Risk management India |
| topic_facet | Financial risk Risk management BUSINESS & ECONOMICS / Industrial Management BUSINESS & ECONOMICS / Management BUSINESS & ECONOMICS / Management Science BUSINESS & ECONOMICS / Organizational Behavior Wirtschaft Financial risk India Risk management India Indien |
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