male and female farmers who are offered index-based agricultural insurance with those who are offered a variety of savings … savings for emergencies, even when we controlled for access to informal insurance and differences in crop choice. We … savings at increasing input spending and use. Those who purchased more insurance realized higher average yields and were …

. This paper shows that such reference dependence can affect savings in opposite directions depending on whether people face … liquidity constraints. Existing models for wealth and intertemporal choice predict that reference dependence reduces savings but … increase optimal savings for people without access to credit. Liquidity constraints force them to take part of an income loss …

activities, and in many rural communities, secure, safe, and convenient savings and payment facilities hardly existed. In …

manage drought risk: weather index insurance and a recently released drought-tolerant rice variety. We illustrate how these … independent of insurance, largely due to the yield penalty under normal conditions. When bundled with insurance, however, farmersâ …€™ valuation of the rice increases. Farmers value insurance on its own, but even more so when bundled with the drought …

Migration and remittances can be used by rural households as a means of insurance, investment, and income augmentation … Ethiopia. Weaker evidence suggests migrants are additionally motivated to remit as a form of self-insurance against own shocks …

We conduct a framed field experiment in rural Ethiopia to test the seminal hypothesis that insurance provision induces … farmers made this decision in the presence of a stylized weather-index insurance contract. Insurance was found to have some …