Papers and Presentations

Paper: Risk, Insurance and Wages in General Equilibrium

The research team estimates the general-equilibrium labor market effects of a large-scale randomized intervention designed and markets a rainfall index insurance product across three states in India.  Marketing agricultural insurance to both cultivators and to agricultural wage laborers allows the team to test a general-equilibrium model of wage determination in settings where households supplying labor and households hiring labor face weather risk.

Presentation: So You're Thinking about Index Insurance?

This presentation was by Maria Rarieya from the International Centre for Evaluation and Development (ICED) on May 24, 2017 describing the benefits of using index-based insurance over costly traditional claims-based insurance.

Paper: Fail-safe Index Insurance Without the Cost: a Satellite Based Conditional Audit Approach

While index insurance offers a compelling solution to the problem of covariant risk among smallholder farmers in developing countries, most weather based contracts suffer from poor quality due to a low correlation between the index and farmer losses. This paper proposes and analyzes an alternative index insurance contract, which combines a satellite based index with the potential for a second-stage audit.

Presentation: Filling a Niche

This presentation took place at Nairobi, Kenya on February 8, 2017, and describes how CIMMYT research on hybrid adoption in Kenya distinguishes maize breeding at targeted high elevations.