and marketed a rainfall index insurance product across three states in India. Marketing agricultural insurance to both … find that both labor demand and equilibrium wages become more rainfall sensitive when cultivators are offered rainfall … contract offered to agricultural laborers smoothes wages across rainfall states by inducing changes in labor supply. Policy …

We look at the effects of rainfall forecasts and realized rainfall on equilibrium agricultural wages over the course of … the agricultural production cycle. We show theoretically that a forecast of good weather can lower wages in the planting … stage, by lowering ex ante out-migration, and can exacerbate the negative impact of adverse weather on harvest-stage wages …

. In contrast, it acts as insurance for landowners. Agricultural wage data for 257 districts in India for 1956-87 are used …

We look at the effects of rainfall forecasts and realized rainfall on equilibrium agricultural wages over the course of … the agricultural production cycle. We show theoretically that a forecast of good weather can lower wages in the planting … stage, by lowering ex ante out-migration, and can exacerbate the negative impact of adverse weather on harvest-stage wages …