Drought and Retribution : Evidence from a Large-Scale Rainfall-Indexed Insurance Program in Mexico

Drought and Retribution : Evidence from a Large-Scale Rainfall-Indexed Insurance Program in Mexico

Although weather shocks are a major source of income fluctuation, most of the world's poor lack insurance coverage against them. Absence of formal insurance contributes to poverty traps, as investment decisions are conflicted with risk managem...

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Bibliographic Details
Main Authors: Fuchs, Alan, Wolff, Hendrik
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2016
Subjects:
RISKS
HOUSEHOLD SURVEY
RISK SHARING ARRANGEMENTS
RIGHTS
POOR RURAL HOUSEHOLD
CHECKS
PRODUCTION
RISK MANAGEMENT STRATEGIES
POVERTY LEVELS
ILLITERACY
INCOME
INTEREST
AGRICULTURAL PRODUCTION
PROPERTY RIGHTS
EXCHANGE
AGRICULTURAL DEVELOPMENT
COUNTERFACTUAL
PROGRAMS
INFORMATION
LABOR FORCE
POLITICAL ECONOMY
INSURANCE POLICIES
EFFECTS
INCENTIVES
DURABLE ASSETS
PRIVATE INSURANCE
REAL INCOME
CROP VARIETIES
RURAL POPULATION
BENEFICIARIES
INTERNATIONAL BANK
MEASURES
INSURANCE MARKET
INSURANCE COMPANY
POLICYHOLDERS
CROP INSURANCE
RURAL HOUSEHOLD
RURAL HOUSEHOLDS
CASH CROPS
TRAINING
DEVELOPMENT ECONOMICS
MORAL HAZARD
HOUSEHOLD HEAD
INSURANCE PRODUCT
AGRICULTURAL TECHNOLOGY
CONTRACTS
PRODUCTIVITY
TRANSFERS
MARKETS
HOUSEHOLD INCOME
ORGANIZATIONS
RATES
INSURERS
STANDARDS
LABOR
LOANS
FARMERS
RISK SHARING
FAMINE
REINSURANCE MARKETS
CASH TRANSFERS
INSURANCE COVERAGE
MORTALITY
EFFICIENCY
COVARIATE SHOCKS
MINIMUM WAGES
ADMINISTRATIVE COSTS
FEMALE LABOR
AGRICULTURAL POLICY
INVESTMENT DECISIONS
EXPENDITURE
INSURANCES
REINSURANCE
EQUITY
INFANT MORTALITY
PRODUCTIVITY GROWTH
WAGES
POVERTY INDEX
POLICIES
DROUGHT
RUNNING WATER
MARKET FAILURES
PRODUCTION OF CASH CROPS
VALUE
LAND QUALITY
LOSSES
RURAL LEVEL
CREDIT
INSURANCE CONTRACTS
AGRICULTURAL INSURANCE
CLAIMS
RURAL POVERTY
RURAL SETTINGS
RISK EXPOSURE
IMPLICIT CONTRACTS
AGRICULTURAL LAND
MALNUTRITION
RURAL
LAND SIZE
MARKET
TRANSFER PROGRAMS
RISK TRANSFER
ECONOMICS
MANAGEMENT
INSURANCE
INSURANCE PREMIUMS
LOSS
CONSUMPTION SMOOTHING
THEORY
DURABLE
LACK OF INFRASTRUCTURE
INVESTMENT
EXTREME POVERTY
IRRIGATION
RISK
INCOME SMOOTHING
INDEMNITY
RURAL AREAS
POVERTY
PRIVATE INSURANCE COMPANIES
FEMALE LABOR FORCE
SUPPLY
RISK TAKING
PROFIT
FINANCIAL SUPPORT
AGRICULTURAL PRODUCTIVITY
INVESTMENTS
RISK MANAGEMENT
CASH TRANSFER PROGRAMS
POOR
INSURANCE COMPANIES
COMMUNAL LAND
INDEMNITY PAYMENTS
OUTCOMES
BASIS RISK
COVERAGE
GUARANTEE
ADVERSE SELECTION
PREMIUMS
Online Access:http://documents.worldbank.org/curated/en/2016/02/25927053/drought-retribution-evidence-large-scale-rainfall-indexed-insurance-program-mexico
http://hdl.handle.net/10986/23902

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