• Shawn Cole


Barriers to Household Risk Management: Evidence from India. Shawn Cole, January 2013, Paper. "Why do many households remain exposed to large exogenous sources of non-systematic income risk? We use a series of randomized field experiments in rural India to test the importance of price and non-price factors in the adoption of an innovative rainfall insurance product. Demand is significantly price sensitive, but widespread take-up would not be achieved even if the product offered a payout ratio comparable to US insurance contracts. We present evidence suggesting that lack..." May require purchase or user account. Link verified August 21, 2014