Chapter

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

Jonathan Morduch

in Insurance Against Poverty

Published in print November 2004 | ISBN: 9780199276837
Published online January 2005 | e-ISBN: 9780191601620 | DOI: http://dx.doi.org/10.1093/0199276838.003.0003

Series: WIDER Studies in Development Economics

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

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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.

Keywords: risk-sharing; self-insurance; ICRISAT; consumption; rural households; India

Chapter.  8645 words.  Illustrated.

Subjects: Economic Development and Growth

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