Impact of index insurance on downside income risk: Evidence from northern Kenya
We assessed the impact of index-based livestock insurance (IBLI) on household income and its higher-order moments (i.e., variance and skewness). The study uses four waves of panel survey data from northern Kenya and applies a two stage least squares (2SLS) instrumental variables regression to estima...
| Autores principales: | , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
AAEA
2025
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/169692 |
| _version_ | 1855533446069223424 |
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| author | Shikuku, Kelvin Mashisia Ochenje, Ibrahim |
| author_browse | Ochenje, Ibrahim Shikuku, Kelvin Mashisia |
| author_facet | Shikuku, Kelvin Mashisia Ochenje, Ibrahim |
| author_sort | Shikuku, Kelvin Mashisia |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | We assessed the impact of index-based livestock insurance (IBLI) on household income and its higher-order moments (i.e., variance and skewness). The study uses four waves of panel survey data from northern Kenya and applies a two stage least squares (2SLS) instrumental variables regression to estimate the causal impacts. We found that uptake of IBLI increased household income and reduced pastoralists' exposure to downside risk. Our results imply that policies and investments promoting the scaling of index insurance will be effective for climate risk management and welfare improvement in Sub-Saharan Africa by increasing income and reducing exposure to downside risk. |
| format | Journal Article |
| id | CGSpace169692 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2025 |
| publishDateRange | 2025 |
| publishDateSort | 2025 |
| publisher | AAEA |
| publisherStr | AAEA |
| record_format | dspace |
| spelling | CGSpace1696922025-11-12T04:29:21Z Impact of index insurance on downside income risk: Evidence from northern Kenya Shikuku, Kelvin Mashisia Ochenje, Ibrahim adaptation agricultural insurance climate shocks risk management households pastoralists We assessed the impact of index-based livestock insurance (IBLI) on household income and its higher-order moments (i.e., variance and skewness). The study uses four waves of panel survey data from northern Kenya and applies a two stage least squares (2SLS) instrumental variables regression to estimate the causal impacts. We found that uptake of IBLI increased household income and reduced pastoralists' exposure to downside risk. Our results imply that policies and investments promoting the scaling of index insurance will be effective for climate risk management and welfare improvement in Sub-Saharan Africa by increasing income and reducing exposure to downside risk. 2025-05 2025-01-22T21:45:00Z 2025-01-22T21:45:00Z Journal Article https://hdl.handle.net/10568/169692 en Open Access application/pdf AAEA Shikuku, Kelvin., Ochenje, Ibrahim. 2025. Impact of index insurance on downside income risk: Evidence from northern Kenya. Applied Economic Perspectives and Policy. |
| spellingShingle | adaptation agricultural insurance climate shocks risk management households pastoralists Shikuku, Kelvin Mashisia Ochenje, Ibrahim Impact of index insurance on downside income risk: Evidence from northern Kenya |
| title | Impact of index insurance on downside income risk: Evidence from northern Kenya |
| title_full | Impact of index insurance on downside income risk: Evidence from northern Kenya |
| title_fullStr | Impact of index insurance on downside income risk: Evidence from northern Kenya |
| title_full_unstemmed | Impact of index insurance on downside income risk: Evidence from northern Kenya |
| title_short | Impact of index insurance on downside income risk: Evidence from northern Kenya |
| title_sort | impact of index insurance on downside income risk evidence from northern kenya |
| topic | adaptation agricultural insurance climate shocks risk management households pastoralists |
| url | https://hdl.handle.net/10568/169692 |
| work_keys_str_mv | AT shikukukelvinmashisia impactofindexinsuranceondownsideincomeriskevidencefromnorthernkenya AT ochenjeibrahim impactofindexinsuranceondownsideincomeriskevidencefromnorthernkenya |