Giné, Xavier; Townsend, Robert; Vickery, James - Federal Reserve Bank of New York - 2007
to smallholder farmers in rural India and presents preliminary evidence on the determinants of insurance participation …. Insurance take-up is found to be decreasing in basis risk between insurance payouts and income fluctuations, higher among …-up decisions, and risk averse households are found to be less, not more, likely to purchase insurance. We present evidence …