The paper estimates the effects on presidential election returns in Mexico of a government climatic contingency transfer that is allocated through rainfall-indexed insurance. The analysis uses the discontinuity in payments that slightly deviate from a pre-established threshold, based on rainfall...

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 management ones: risk-averse farmers tend to underinvest and...

The paper estimates the effects on presidential election returns in Mexico of a government climatic contingency transfer that is allocated through rainfall-indexed insurance. The analysis uses the discontinuity in payments that slightly deviate from a pre-established threshold, based on rainfall...

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 management ones: risk-averse farmers tend to underinvest and...

The paper estimates the effects on presidential election returns in Mexico of a government climatic contingency transfer that is allocated through rainfall-indexed insurance. The analysis uses the discontinuity in payments that slightly deviate from a pre-established threshold, based on rainfall...