A chat about insurance: Experimental results from rural Bangladesh

Vista sencilla de ítem
dc.creatorClarke, Daniel J.
dc.creatorde Nicola, Francesca
dc.creatorHill, Ruth Vargas
dc.creatorKumar, Neha
dc.creatorMehta, Parendi
dc.date2015-01-01
dc.date2024-08-01T02:54:05Z
dc.date2024-08-01T02:54:05Z
dc.date.accessioned2026-06-27T15:36:34Z
dc.descriptionFarmers throughout the developing world face multiple sources of uninsured risk to agricultural production and household assets. In this paper, we present results from an experimental demand‐elicitation exercise in rural Bangladesh to shed light on smallholder farmers' interest in formal insurance products. We propose a suite of insurance and savings products, and we randomly vary the price of one insurance option (area‐yield insurance) and the presence of one of the savings options (group savings). Consistent with economic theory, farmers buy more of the insurance products that cover the risks they primarily face. However, because farmers are subject to a variety of risks, they do not focus on only one type of insurance; instead, they evenly split their endowment between life and disability insurance and agricultural insurance. Demand for area‐yield insurance falls with price; we also observe important cross‐price elasticities with other insurance products. The presence of group savings does not alter demand for insurance, though group savings is found to be a particularly popular risk management tool, especially when decisions are made in groups.
dc.identifierhttps://hdl.handle.net/10568/150867
dc.identifier.urihttp://hdl.handle.net/123456789/109319
dc.languageen
dc.publisherWiley
dc.rightsLimited Access
dc.sourceClarke, Daniel; de Nicola, Francesca; Hill, Ruth Vargas; Kumar, Neha; and Mehta, Parendi. 2015. A chat about insurance: Experimental results from rural Bangladesh. Applied Economic Perspectives and Policy. 37(3): 477-501. https://doi.org/10.1093/aepp/ppu041
dc.subjectinsurance
dc.subjectrisk
dc.subjectsavings
dc.subjectrural areas
dc.titleA chat about insurance: Experimental results from rural Bangladesh
dc.typeJournal Article

Archivos

Colecciones

Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)