index insurance. Using district crop yields and rainfall data for India, we find that tail dependence characterizes the …Rainfall is an important source of covariate shock in developing countries. Insurance against a rainfall index has …, therefore, held much promise as a formal insurance product to protect the livelihoods of poor farmers. But how good is rainfall …

partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is … small. We cannot reject the hypothesis full insurance against temporary shocks. Another interpretation of our findings is … that there is very little insurance available, but the fact that skill is a non-separable function of parental investments …