Journal ArticleDOI
Poverty Traps and Index-Based Risk Transfer Products
TLDR
In this article, the authors review relevant threads of the poverty traps literature to motivate a description of the opportunities presented by innovative index-based risk transfer products for low-income countries.About:
This article is published in World Development.The article was published on 2008-10-01. It has received 302 citations till now. The article focuses on the topics: Chronic poverty & Poverty.read more
Citations
More filters
Journal ArticleDOI
Climate variability and vulnerability to climate change: a review.
TL;DR: New analysis is presented that tentatively links increases in climate variability with increasing food insecurity in the future and highlights the need to reframe research questions in such a way that they can provide decision makers throughout the food system with actionable answers.
Journal ArticleDOI
Climate change, poverty and livelihoods: adaptation practices by rural mountain communities in Nepal
TL;DR: In this paper, the authors explore how climate change is affecting the livelihood of local communities and how different wellbeing groups are differentially impacted in remote mountainous Jumla District of Nepal.
Journal ArticleDOI
Designing Index-Based Livestock Insurance for Managing Asset Risk in Northern Kenya
TL;DR: In this paper, the authors describe a novel index-based livestock insurance (IBLI) product piloted among pastoralists in Northern Kenya, where insurance markets are effectively absent and uninsured risk exposure is a main cause of poverty.
Report SeriesDOI
Economic aspects of adaptation to climate change: integrated assessment modelling of adaptation costs and benefits
TL;DR: In this article, a framework for the explicit incorporation of adaptation in Integrated Assessment Models (IAMs) is presented, which provides a consistent framework to investigate "optimal" balances between investments in mitigating climate change, investments in adapting to climate change and accepting (future) climate change damages.
Posted ContentDOI
Selling formal Insurance to the Informally Insured
TL;DR: In this article, the authors study the demand for, and effects of, offering formal index-based rainfall insurance through a randomized experiment in an environment where the informal risk sharing network can be readily identified and richly characterized: sub-castes in rural India.
References
More filters
Journal ArticleDOI
Availability: A heuristic for judging frequency and probability
Amos Tversky,Daniel Kahneman +1 more
TL;DR: A judgmental heuristic in which a person evaluates the frequency of classes or the probability of events by availability, i.e., by the ease with which relevant instances come to mind, is explored.
Journal ArticleDOI
Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information
TL;DR: The authors analyzes competitive markets in which the characteristics of the commodities exchanged are not fully known to at least one of the parties to the transaction, and suggests that some of the most important conclusions of economic theory are not robust to considerations of imperfect information.
Journal ArticleDOI
Risk and Insurance In Village India
TL;DR: In this paper, the authors tested the full insurance model using data from three poor, high risk villages in the semi-arid tropics of southern India and found that household consumptions are not much influenced by contemporaneous own income, sickness, unemployment, or other idiosyncratic shocks.
Journal ArticleDOI
Income Smoothing and Consumption Smoothing
TL;DR: The authors studied the relationship between risk-averse households and credit and insurance in low-income economies and found that risk-avoiding households tend to limit exposure only to shocks that can be handled with available credit The authors.
Book
An inquiry into well-being and destitution
TL;DR: In this article, the authors propose an extension of the standard theory: land, labour, savings and credit households and credit constraints poverty and the environmental resource base net national product in a dynamic economy food, care and work, the household as an allocation mechanism axiomatic bargaining theory fertility and resources.
Related Papers (5)
The economics of poverty traps and persistent poverty: An asset-based approach
Patterns of rainfall insurance participation in rural India
Insurance, credit, and technology adoption : field experimental evidence from Malawi.
Xavier Gine,Dean Yang,Dean Yang +2 more