Poverty Traps and Index-Based Risk Transfer Products
Summary A growing literature suggests that in low-income countries, households with few assets can be trapped in chronic poverty. This article reviews relevant threads of the poverty traps literature to motivate a description of the opportunities presented by innovative index-based risk transfer products. These products can be used to address some insurance and credit market failures that contribute to the persistence of poverty among households in low-income countries. Applications are considered at the micro, meso, and macro levels.
Year of publication: |
2008
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Authors: | Barnett, Barry J. ; Barrett, Christopher B. ; Skees, Jerry R. |
Published in: |
World Development. - Elsevier, ISSN 0305-750X. - Vol. 36.2008, 10, p. 1766-1785
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Publisher: |
Elsevier |
Keywords: | index-based risk transfer products insurance poverty traps risk management |
Saved in:
Online Resource
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