Series: IMF Working Papers
Author(s): Robert Townsend , Shawn Cole , Jeremy Tobacman , Xavier Gine , James Vickery , and Petia Topalova
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2012
Keywords: Household Finance, Trust, Liquidity Constraints, insurance contracts, insurance policies, risk aversion, basis risk, Field Experiments, Household Production and Intrahousehold Allocation, Financial Institutions and Services: General,
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 i...