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Experimental Evidence on the Drivers of Index-Based Livestock Insurance Demand in Southern Ethiopia

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Title Experimental Evidence on the Drivers of Index-Based Livestock Insurance Demand in Southern Ethiopia
 
Creator Takahashi, Kazushi
 
Contributor Ikegami, Munenobu
Sheahan, Megan
Barrett, Christopher
 
Description While index-based microinsurance has attracted considerable attention, uptake rates have been weak in many low-income
countries. We explore the purchase patterns of index-based livestock insurance in southern Ethiopia, focusing on the role of accurate
product comprehension and price. We find that randomly distributed learning kits improve subjects’ knowledge of the products; however,
we do not find strong evidence that the improved knowledge per se causes greater insurance 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 effects.
 
Date 2016-01-01
2016-04-27T22:27:29Z
2016-04-27T22:27:29Z
 
Type Journal Article
 
Identifier http://www.sciencedirect.com/science/article/pii/S0305750X15002612
https://mel.cgiar.org/reporting/download/hash/FftGztBi
Kazushi Takahashi, Munenobu Ikegami, Megan Sheahan, Christopher Barrett. (1/1/2016). Experimental Evidence on the Drivers of Index-Based Livestock Insurance Demand in Southern Ethiopia. World Development, 78, pp. 324-340.
https://hdl.handle.net/20.500.11766/4688
Limited access
 
Language en
 
Rights CC-BY-NC-4.0
 
Format PDF
 
Publisher Elsevier
 
Source World Development;78,(2016) Pagination 324,340