Tag
Insurable Interest
2 findings
Economics (general)Insurable Interest Exclusion and GE Welfare SpilloverMarketing insurance solely to cultivators (25.6% coverage) reduces drought wages by 0.63 log points at the 30th percentile of rainfall and 0.23 log points at median rainfall. Jointly offering insurance to both cultivators (25.6%) and laborers (31.8%) eliminates wage volatility, raising median rainfall wages by 11.7% and 80th percentile wages by 19%.RCTDevelopmentInsurable Interest Regulatory ExclusionRestricting rainfall index insurance to 25.6% of landowning cultivators while excluding landless laborers reduces landless daily wages by 0.63 log points at the 30th percentile of rainfall and by 0.23 log points at median rainfall relative to a no-insurance baseline.RCT