Quasi-Experimental Evidence on the Drivers of Index-Based Livestock Insurance Demand in Southern Ethiopia
Microinsurance is widely considered an important tool for sustainable poverty reduction, especially in the face of increasing climate risk. Although index based microinsurance, which should be free from the classical incentive problems, has attracted considerable attention, uptake rates have general...
| Autores principales: | , , , |
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| Formato: | Informe técnico |
| Lenguaje: | Inglés |
| Publicado: |
2014
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/68163 |
| _version_ | 1855541923185426432 |
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| author | Takahashi, Kazushi Ikegami, Munenobu Sheahan, M. Barrett, Christopher B. |
| author_browse | Barrett, Christopher B. Ikegami, Munenobu Sheahan, M. Takahashi, Kazushi |
| author_facet | Takahashi, Kazushi Ikegami, Munenobu Sheahan, M. Barrett, Christopher B. |
| author_sort | Takahashi, Kazushi |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Microinsurance is widely considered an important tool for sustainable poverty reduction, especially in the face of increasing climate risk. Although index based microinsurance, which should be free from the classical incentive problems, has attracted considerable attention, uptake rates have generally been weak in low-income rural communities. We explore the purchase patterns of index-based livestock insurance in southern Ethiopia, focusing in particular on the role of accurate product comprehension and price, icluding the prospective impact of temporary discount coupons on subsequent period demand due to price anchoring effects. We find that randomly distributed learning kits contribute to improving subjects' knowledge of the products; however, we do not find strong evidence that the improved knowledge per se induces greater uptake. We also find that reduced price due to randomly distributed discount coupons has an immediate, positive impact on uptake, without dampening subsequent period demand due to reference-dependence associated with price anchoring affects. |
| format | Informe técnico |
| id | CGSpace68163 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2014 |
| publishDateRange | 2014 |
| publishDateSort | 2014 |
| record_format | dspace |
| spelling | CGSpace681632023-02-15T09:12:49Z Quasi-Experimental Evidence on the Drivers of Index-Based Livestock Insurance Demand in Southern Ethiopia Takahashi, Kazushi Ikegami, Munenobu Sheahan, M. Barrett, Christopher B. climate change agriculture food security insurance Microinsurance is widely considered an important tool for sustainable poverty reduction, especially in the face of increasing climate risk. Although index based microinsurance, which should be free from the classical incentive problems, has attracted considerable attention, uptake rates have generally been weak in low-income rural communities. We explore the purchase patterns of index-based livestock insurance in southern Ethiopia, focusing in particular on the role of accurate product comprehension and price, icluding the prospective impact of temporary discount coupons on subsequent period demand due to price anchoring effects. We find that randomly distributed learning kits contribute to improving subjects' knowledge of the products; however, we do not find strong evidence that the improved knowledge per se induces greater uptake. We also find that reduced price due to randomly distributed discount coupons has an immediate, positive impact on uptake, without dampening subsequent period demand due to reference-dependence associated with price anchoring affects. 2014 2015-09-16T16:59:00Z 2015-09-16T16:59:00Z Report https://hdl.handle.net/10568/68163 en Open Access Takahashi K, Ikegami M, Sheahan M, Barrett CB. 2014. Quasi-Experimental Evidence on the Drivers of Index-Based Livestock Insurance Demand in Southern Ethiopia. IDE Discussion Paper No. 480. Chiba, Japan: IDE. |
| spellingShingle | climate change agriculture food security insurance Takahashi, Kazushi Ikegami, Munenobu Sheahan, M. Barrett, Christopher B. Quasi-Experimental Evidence on the Drivers of Index-Based Livestock Insurance Demand in Southern Ethiopia |
| title | Quasi-Experimental Evidence on the Drivers of Index-Based Livestock Insurance Demand in Southern Ethiopia |
| title_full | Quasi-Experimental Evidence on the Drivers of Index-Based Livestock Insurance Demand in Southern Ethiopia |
| title_fullStr | Quasi-Experimental Evidence on the Drivers of Index-Based Livestock Insurance Demand in Southern Ethiopia |
| title_full_unstemmed | Quasi-Experimental Evidence on the Drivers of Index-Based Livestock Insurance Demand in Southern Ethiopia |
| title_short | Quasi-Experimental Evidence on the Drivers of Index-Based Livestock Insurance Demand in Southern Ethiopia |
| title_sort | quasi experimental evidence on the drivers of index based livestock insurance demand in southern ethiopia |
| topic | climate change agriculture food security insurance |
| url | https://hdl.handle.net/10568/68163 |
| work_keys_str_mv | AT takahashikazushi quasiexperimentalevidenceonthedriversofindexbasedlivestockinsurancedemandinsouthernethiopia AT ikegamimunenobu quasiexperimentalevidenceonthedriversofindexbasedlivestockinsurancedemandinsouthernethiopia AT sheahanm quasiexperimentalevidenceonthedriversofindexbasedlivestockinsurancedemandinsouthernethiopia AT barrettchristopherb quasiexperimentalevidenceonthedriversofindexbasedlivestockinsurancedemandinsouthernethiopia |