Lecture 6: Insurance

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Description: In this lecture, Prof. Townsend discusses insurance as it relates to financial access and targeting to risk instruments.

Instructor: Prof. Robert M. Townsend

Video Index

  • Introduction to lecture
  • Introduction to risk-sharing
  • Optimal risk-sharing
  • Risk-sharing charts from Townsend (1994)
  • Evidence of risk-sharing in India
  • Interventions don't necessarily improve welfare
  • Measuring the welfare cost of aggregate risk
  • Designing RCTs with theory/model in mind

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