Welfare impacts of Index Insurance in the presence of a poverty trap
| cg.authorship.types | CGIAR and developing country institute | en |
| cg.authorship.types | CGIAR and advanced research institute | en |
| cg.contributor.affiliation | Puey Ungphakorn Institute for Economic Research | en |
| cg.contributor.affiliation | International Livestock Research Institute | en |
| cg.contributor.affiliation | Cornell University | en |
| cg.contributor.crp | Climate Change, Agriculture and Food Security | en |
| cg.contributor.donor | United States Agency for International Development | en |
| cg.contributor.donor | World Bank | en |
| cg.coverage.country | Kenya | en |
| cg.coverage.iso3166-alpha2 | KE | en |
| cg.coverage.region | Africa | en |
| cg.coverage.region | Eastern Africa | en |
| cg.creator.identifier | Andrew Mude: 0000-0003-4903-6613 | en |
| cg.howPublished | Formally Published | en |
| cg.identifier.doi | https://doi.org/10.1016/j.worlddev.2016.12.044 | en |
| cg.isijournal | ISI Journal | en |
| cg.issn | 0305-750X | en |
| cg.journal | World Development | en |
| cg.reviewStatus | Peer Review | en |
| cg.subject.ilri | DROUGHT | en |
| cg.subject.ilri | ENVIRONMENT | en |
| cg.subject.ilri | INSURANCE | en |
| cg.subject.ilri | LIVESTOCK | en |
| cg.subject.ilri | PASTORALISM | en |
| cg.volume | 94 | en |
| dc.contributor.author | Chantarat, S. | en |
| dc.contributor.author | Mude, Andrew G. | en |
| dc.contributor.author | Barrett, Christopher B. | en |
| dc.contributor.author | Turvey, C.G. | en |
| dc.date.accessioned | 2017-03-20T08:29:27Z | en |
| dc.date.available | 2017-03-20T08:29:27Z | en |
| dc.identifier.uri | https://hdl.handle.net/10568/80426 | |
| dc.title | Welfare impacts of Index Insurance in the presence of a poverty trap | en |
| dcterms.abstract | This paper evaluates the welfare impacts of an index-based livestock insurance designed to compensate for satellite-based predicted livestock mortality in northern Kenya, where previous work has established the presence of poverty traps. We simulate household wealth dynamics based on rich panel and experimental data. The bifurcated livestock dynamics associated with the poverty trap gives rise to insurance valuation that is highly nonlinear in herd size. Estimated willingness to pay among vulnerable groups who most need insurance is, on average, lower than commercially viable rates. Targeted premium subsidization nonetheless appears to offer more cost-effective poverty reduction than need-based direct transfers. | en |
| dcterms.accessRights | Limited Access | en |
| dcterms.audience | Scientists | en |
| dcterms.bibliographicCitation | Chantarat, S., Mude, A.G., Barrett, C.B. and Turvey, C.G. 2017. Welfare impacts of Index Insurance in the presence of a poverty trap. World Development 94:119–138. | en |
| dcterms.extent | p. 119-138 | en |
| dcterms.issued | 2017-06 | en |
| dcterms.language | en | en |
| dcterms.license | Copyrighted; all rights reserved | en |
| dcterms.publisher | Elsevier | en |
| dcterms.subject | livestock | en |
| dcterms.subject | insurance | en |
| dcterms.subject | development | en |
| dcterms.type | Journal Article | en |
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