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Are Rainfed Agricultural Households Insured? Evidence from Five Villages in Vidarbha, India

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  • Gaurav, Sarthak

Abstract

There are several studies on risk and insurance in village economies in the developing world. However, there is a lack of evidence for recent decades in spite of profound changes including structural transformation and widespread market liberalization in most regions. In this paper, I use primary panel data from five rainfed villages in a high-risk region of India and find evidence of considerable exposure as well as vulnerability to idiosyncratic and covariate risks. Further, there is significant wealth differentiated heterogeneity in vulnerability. The findings help identify the scope of public policy in improving risk management in rainfed agriculture.

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  • Gaurav, Sarthak, 2015. "Are Rainfed Agricultural Households Insured? Evidence from Five Villages in Vidarbha, India," World Development, Elsevier, vol. 66(C), pages 719-736.
  • Handle: RePEc:eee:wdevel:v:66:y:2015:i:c:p:719-736
    DOI: 10.1016/j.worlddev.2014.09.018
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    1. repec:eee:ecolet:v:174:y:2019:i:c:p:55-61 is not listed on IDEAS
    2. Bina Agarwal & Ankush Agrawal, 2016. "To farm or not to farm? Indian farmers in transition," Global Development Institute Working Paper Series 012016, GDI, The University of Manchester.
    3. Lohmann, Steffen & Lechtenfeld, Tobias, 2015. "The Effect of Drought on Health Outcomes and Health Expenditures in Rural Vietnam," World Development, Elsevier, vol. 72(C), pages 432-448.

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    Keywords

    risk; vulnerability; agriculture; insurance; India; Asia;

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