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Formal Rainfall Insurance for the Informally Insured in India

Mark Rosenzweig
Researchers evaluated how informal insurance within Indian sub-castes affects the demand for formal rainfall insurance, and subsequent risk-taking among households employed in agriculture. Informal insurance both increased and decreased the demand for formal rainfall insurance, depending on the...

Default Effects and Follow-On Behavior: Evidence From An Electricity Pricing Program

Peter Cappers
C. Anna Spurlock
Researchers partnered with the Sacramento Municipal Utility District in California to evaluate the effects of a variety of enrollment schemes in time-varying pricing plans on electricity consumption. Results show that households which were enrolled in time-varying pricing plans by default tended to...

Savings Accounts to Smooth Consumption for Low-Income Microentrepreneurs in Chile

Felipe Kast

Researchers examined the effects of free savings account access on savings account use, indebtedness, consumption, and well-being. Easy access to savings accounts reduced participants’ reliance on borrowing, helped them manage fluctuations in income, and increased their self-reported well-being.