Impact of index insurance on downside income risk: Evidence from northern Kenya

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cg.authorship.typesCGIAR single centreen_US
cg.contributor.affiliationInternational Livestock Research Instituteen_US
cg.contributor.crpClimate Change, Agriculture and Food Securityen_US
cg.contributor.crpDryland Systemsen_US
cg.contributor.donorCGIAR Trust Funden_US
cg.contributor.donorForeign, Commonwealth and Development Office, United Kingdomen_US
cg.contributor.donorDepartment of Foreign Affairs and Trade, Australiaen_US
cg.contributor.donorEuropean Unionen_US
cg.contributor.donorUnited States Agency for International Developmenten_US
cg.contributor.donorWorld Banken_US
cg.contributor.initiativeLivestock and Climateen_US
cg.coverage.countryKenyaen_US
cg.coverage.iso3166-alpha2KEen_US
cg.coverage.regionAfricaen_US
cg.coverage.regionEastern Africaen_US
cg.creator.identifierKelvin Mashisia Shikuku: 0000-0003-2290-074Xen_US
cg.creator.identifierIbrahim Ochenje: 0000-0002-2818-5313en_US
cg.howPublishedFormally Publisheden_US
cg.identifier.doihttps://doi.org/10.1002/aepp.13497en_US
cg.isijournalISI Journalen_US
cg.issn2040-5804en_US
cg.journalApplied Economic Perspectives and Policyen_US
cg.reviewStatusPeer Reviewen_US
cg.subject.actionAreaResilient Agrifood Systemsen_US
cg.subject.ilriLIVESTOCKen_US
cg.subject.ilriPASTORALISMen_US
cg.subject.ilriINSURANCEen_US
cg.subject.impactAreaClimate adaptation and mitigationen_US
cg.volume2025en_US
dc.contributor.authorShikuku, Kelvin Mashisiaen_US
dc.contributor.authorOchenje, Ibrahimen_US
dc.date.accessioned2025-02-05T06:23:55Zen_US
dc.date.available2025-02-05T06:23:55Zen_US
dc.identifier.urihttps://hdl.handle.net/10568/172778en_US
dc.titleImpact of index insurance on downside income risk: Evidence from northern Kenyaen_US
dcterms.abstractWe 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.en_US
dcterms.accessRightsOpen Accessen_US
dcterms.audienceScientistsen_US
dcterms.available2025-01-19en_US
dcterms.bibliographicCitationShikuku, K.M. and Ochenje, I. 2025. Impact of index insurance on downside income risk: Evidence from northern Kenya. Applied Economic Perspectives and Policyen_US
dcterms.extent1–29en_US
dcterms.issued2025-01-19en_US
dcterms.languageenen_US
dcterms.licenseCC-BY-NC-4.0en_US
dcterms.subjectadaptationen_US
dcterms.subjectagricultural insuranceen_US
dcterms.subjecthouseholdsen_US
dcterms.subjectlivestocken_US
dcterms.subjectpastoralistsen_US
dcterms.subjectrisk managementen_US
dcterms.typeJournal Articleen_US

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