Weather-related shocks are a major threat to the health and livelihoods of vulnerable farmers and herders in low-income, arid, and semi-arid regions of the world. Index insurance represents a promising tool for mitigating the impacts of such risk but in practice has exhibited low uptake rates by...

The effective design and implementation of interventions that reduce vulnerability and poverty require a solid understanding of underlying poverty dynamics and associated behavioral responses. Stochastic and dynamic benefit streams can make it difficult for the poor to learn the value of such...