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Informal Risk Sharing, Index Insurance, and Risk Taking in Developing Countries

Mobarak, Ahmed Mushfiq; Rosenzweig, Mark R. - In: American Economic Review 103 (2013) 3, pp. 375-80

Preliminary findings are presented from a research project which examined the interactions between informal risk sharing, index insurance and risk-taking. Rainfall insurance contracts were randomly offered to cultivating and landless households in a set of Indian villages where preexisting...

Persistent link: https://www.econbiz.de/10010659375

Dynamics of Demand for Index Insurance: Evidence from a Long-Run Field Experiment

Cole, Shawn; Stein, Daniel; Tobacman, Jeremy - In: American Economic Review 104 (2014) 5, pp. 284-90

This paper estimates how experimentally-manipulated experiences with a novel financial product, rainfall index insurance, affect subsequent insurance demand. Using a seven-year panel, we develop three main findings. First, recent experience matters for demand, consistent with overinference from...

Persistent link: https://www.econbiz.de/10010815714

Risk Sharing and Transactions Costs: Evidence from Kenya's Mobile Money Revolution

Jack, William; Suri, Tavneet - In: American Economic Review 104 (2014) 1, pp. 183-223

We explore the impact of reduced transaction costs on risk sharing by estimating the effects of a mobile money innovation on consumption. In our panel sample, adoption of the innovation increased from 43 to 70 percent. We find that, while shocks reduce consumption by 7 percent for nonusers, the...

Persistent link: https://www.econbiz.de/10010815478

Bundling Health Insurance and Microfinance in India: There Cannot Be Adverse Selection If There Is No Demand

Banerjee, Abhijit; Duflo, Esther; Hornbeck, Richard - In: American Economic Review 104 (2014) 5, pp. 291-97

Microfinance institutions have started to bundle their basic loans with other financial services, such as health insurance. Using a randomized control trial in Karnataka, India, we evaluate the impact on loan renewal from mandating the purchase of actuarially-fair health insurance covering...

Persistent link: https://www.econbiz.de/10010815693

The Aggregate Impact of Household Saving and Borrowing Constraints: Designing a Field Experiment in Uganda

Kaboski, Joseph P.; Lipscomb, Molly; Midrigan, Virgiliu - In: American Economic Review 104 (2014) 5, pp. 171-76

We develop a model of households with multiple needs (smoothing shocks, financing investment) and constraints (limited credit, self-control issues) in order to examine the nature of household's financing constraints in a developing country, and the impact of relaxing them. We show that increased...

Persistent link: https://www.econbiz.de/10010773997

The Home Economics of E-Money: Velocity, Cash Management, and Discount Rates of M-Pesa Users

Mbiti, Isaac; Weil, David N. - In: American Economic Review 103 (2013) 3, pp. 369-74

We study the mobile phone-based money transfer system in Kenya. Based on aggregate data, we estimate that the velocity with which units of e-money are transferred among users is approximately four times per month, and that the average number of transfers undergone by a unit of e-money between...

Persistent link: https://www.econbiz.de/10010659413

Life Insurance and Household Consumption

Hong, Jay H.; Ríos-Rull, José-Víctor - In: American Economic Review 102 (2012) 7, pp. 3701-30

Using life insurance holdings by age, sex, and marital status, we infer how individuals value consumption in different demographic stages. We estimate equivalence scales and bequest motives simultaneously within a fully specified model where agents face US demographics and save and purchase life...

Persistent link: https://www.econbiz.de/10011129967

Infrastructure Quality and the Subsidy Trap

McRae, Shaun - In: American Economic Review 105 (2015) 1, pp. 35-66

Electricity and water are often subsidized in developing countries to increase their affordability for low-income households. Ideally, such subsidies would create sufficient demand in poor neighborhoods to encourage private investment in their infrastructure. Instead, many regions receiving...

Persistent link: https://www.econbiz.de/10011107215

Why Don't the Poor Save More? Evidence from Health Savings Experiments

Dupas, Pascaline; Robinson, Jonathan - In: American Economic Review 103 (2013) 4, pp. 1138-71

Using data from a field experiment in Kenya, we document that providing individuals with simple informal savings … providing a safe place to keep money was sufficient to increase health savings by 66 percent. Adding an earmarking feature was …. Group-based savings and credit schemes had very large effects. …

Persistent link: https://www.econbiz.de/10010815703

Immigration and Inequality

Card, David - In: American Economic Review 99 (2009) 2, pp. 1-21

Persistent link: https://www.econbiz.de/10004999865

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