Consumption Smoothing Across Space: Testing Theories of Risk-Sharing in the ICRISAT Study Region of South India

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

The risk-sharing and insurance strategies used by rural households to smooth consumption are investigated, using data from the ICRISAT (International Crops Research Institute for the Semi-Arid Tropics) Village Level Studies. Self-insurance is the most important risk coping mechanism. Limits in self-insurance and high costs of risk-coping strategies suggest opportunities for institutions that can help households save, work, and accumulate buffer stock to cope with risk.

Original languageEnglish (US)
Title of host publicationInsurance Against Poverty
PublisherOxford University Press
ISBN (Print)9780199276837
DOIs
StatePublished - Jan 1 2005

Keywords

  • Consumption
  • ICRISAT
  • India
  • Risk-sharing
  • Rural households
  • Self-insurance

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

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